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Hyundai Plans to Build Fourth Plant in China


Hyundai plans to build its fourth plant in China, part of its plan to increase production in other markets to offset the effect of the firm domestic currency compared with the falling yen. Hyundai’s vice chairman Hsueh Yung-hsing made this announcement today, May 10th, but it is not certain yet if company’s chairman Chung Mong-koo will approve this plan due to ...
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More Kia articles

Kia Europe President Sees Growth This Year in the Region Despite Economic Conditions
Kia Europe President Brandon Yea says that the automaker will continue to grow in the region this year despite economic crisis. The South Korean automaker keeps its target of reaching annual ...
Kia First Quarter Profit Down 35%
Kia reported first quarter profit down 35% on strong won and a drop in domestic factories’ production. Net income was down to 783.9 billion won ($707 million), from 1.2 trillion won ...
Kia Denies Report It Plans to Build US Plant
Today, April 24th, Kia denied a report published by Financial News which says that the automaker plans to build a facility in the US. The South Korean newspaper Financial News published ...
Kia Presents Horki-1 Concept at Shanghai, Announcing New Brand in China
Kia came at the Shanghai auto show with a sleek-locking concept, announcing the introduction of the ‘Horki’ brand in China. Kia’s JV with Dongfeng in China, known as Dongfeng Yueda Kia, ...
Hyundai and Kia Reach Milestone of 50 Million Sales
Hyundai announced its total global sales surpassed 50 million vehicles over the past 30 years. South Korean Hyundai Motor and its affiliated Kia Motors said that the milestone was reached as ...
Recall roundup: 1,7 million Hyundai and Kia models across the U.S.
The South Korean based automakers Hyundai and Kia have recently announced a massive recall which will affect 1,7 million cars, across the United States. According to the National Highway Traffic Safety ...
Kia preps Toyota GT86 rival
A direct rival for the Toyota GT86 is currently being prepared by Kia, which has the main role of changing the company’s image. Kia is trying to enter just about every ...
Kia Sees Weak Yen as ‘Weapon’ for Japanese Automakers
A senior executive at Kia said that the weakening yen becomes a ‘weapon’ for automakers in Japan, making them tougher competitors. “The weakening yen reinforces the Japanese competitors,” Kia Motors Corp. ...
US Young Buyers Turn Their Backs on Japanese Brands, Choose the Detroit Three
A recent study from R.L. Polk and Edmunds.com shows that young buyers prefer Detroit brands over the Japanese ones. Last year, new vehicles from GM, Ford and Chrysler accounted for 36.8% ...

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