Kia Motors denies media report of new car factory
Post# of 28526
Posted On: 04/24/2013 1:45:05 PM
Kia Motors denies media report of new car factory SEOUL (Reuters) - South Korean automaker Kia Motors denied on Wednesday a media report that it aims to build a new plant in the United States by 2014 to ease a capacity shortage that has put a brake on its stellar sales growth in a key market. South Korean newspaper Financial News said on Wednesday that Hyundai Motor Group, which includes Kia Motors and affiliate Hyundai Motors , is in talks with Georgia state officials to construct the new plant, "KMMG 2" with an output capacity of as many as 150,000 vehicles a year, without identifying its sources. ...
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