How Kia plans to keep beating headwinds in EuropeNov. 26, 2012 06:01 CET  The weak European market is slowing Kia's growth plans in the region. A target of 3 percent market share, originally set for 2013 and then delayed to 2015, has been postponed to 2016 or 2017. Nevertheless, Kia Europe head of marketing Benny Oeyen expects the brand's European sales to rise 13 percent to a record 340,000 units this year.... Read More »
FROM THE CURRENT ANE PRINT ISSUE Are Korean automakers winning the right way in Europe?Nov. 14, 2012 06:01 CET  While struggling European carmakers reduce production and consider plant closures, Hyundai and affiliate Kia are reporting record sales. The Korean brands attribute buoyant sales to their lean organizations and modestly priced, desirable new cars. Others disagree.... Read More »
Hyundai Chairman expects automaker's sales to surge in EuropeAug. 10, 2012 06:01 CET  Hyundai Motor Group Chairman Chung Mong-koo has big plans for Europe. The 74-year-old billionaire son of Hyundai's founder, Chung Yu-Jung, wants Hyundai to increase its European sales 15 percent to 465,000 vehicles this year, and sister brand Kia is expected to boost its volume 21 percent to 350,000 this year.... Read More »
Kia profit misses analyst estimates as marketing costs riseJuly 27, 2012 11:49 CET  Kia reported second-quarter profit that missed analysts' estimates after the company increased marketing costs for new vehicles. Net income fell 2.8 percent to 1.1 trillion won ($965 million), compared with a revised 1.13 trillion won a year earlier.... Read More »
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