Kia Motors to Shut Down Plant in China on Low Demand

SEOUL, Jun. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it will shut down one of its three plants in China this month due to a slump in sales in the world’s top auto market. The assembly line in Yancheng, Jiangsu Province, will be used by Kia’s local [...]