Kia

Hyundai on a quest for capacity

12:01 am U.S. ET | Oct. 20, 2014
Hyundai needs a new assembly plant to keep up with crossover demand, says U.S. boss Dave Zuchowski. Until then, Hyundai will likely get production from sibling brand Kia's factories in Mexico and Georgia....
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Report: Kia to build a production version of GT concept

12:01 am U.S. ET | Oct. 20, 2014
Kia's GT concept, a four-door luxury coupe that turned heads at the 2011 Frankfurt auto show, will be produced for the U.S., according to Edmunds.com. Expected to appear in 2016, the new Kia halo car will take aim at the Audi A7 and the BMW 5-series GT....
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Kia scores LeBron James as first 'luxury ambassador'

4:48 pm U.S. ET | Oct. 16, 2014
NBA superstar LeBron James, following his high-visibility return to the Cleveland Cavaliers this season, has signed on with Kia Motors America as its first luxury ambassador....
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Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts....
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Fleet adds little to Sept. sales gain

12:01 am U.S. ET | Oct. 13, 2014
Among the seven largest volume automakers, light-vehicle sales through dealerships rose 11 percent, while fleet was a mere 3 percent higher....
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Dealers turn to governments for incentives

12:01 am U.S. ET | Oct. 13, 2014
A small but growing number of dealerships are obtaining tax breaks or government funds in connection with their facility improvements....
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Toyota remains most valuable automotive brand

2:02 pm U.S. ET | Oct. 9, 2014
Toyota was named the best automotive brand worldwide for the 11th straight year, followed closely by Mercedes-Benz and BMW, in Interbrand's ranking of the 100 most valuable brands....
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Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes....
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Hyundai unions plan more strikes to protest $10B land deal

6:44 am U.S. ET | Sept. 26, 2014
Workers at Hyundai Motor Group pledged more strikes as the two carmakers and their biggest supplier finalized a $10 billion purchase of plum real estate in Seoul's ritzy Gangnam district for a new headquarters....
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Hyundai, Kia unions plan partial strikes after $10 billion land deal

7:06 am U.S. ET | Sept. 23, 2014
Labor unions at Hyundai Motor and affiliate Kia Motors are planning partial strikes after a record $10 billion bid to buy property in Seoul's Gangnam district....
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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Hot August sales shrivel inventories

12:01 am U.S. ET | Sept. 15, 2014
Strong auto sales in August drained dealer lots, pushing U.S. inventories to the lowest level in months....
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Kia prices Soul EV at $33,700, above Leaf

3:54 pm U.S. ET | Sept. 11, 2014
The Kia Soul EV, Hyundai Motor Group’s first all-electric vehicle, will cost $33,700 before shipping and government incentives when it arrives in U.S. dealerships this fall....
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Toyota scouting Mexico for assembly plant, reports say

2:50 pm U.S. ET | Sept. 10, 2014
Toyota, the last of the world's major automakers without a full assembly plant in Mexico, is scouting the country for possible factory sites, two people with direct knowledge of the matter said....
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Kia to boost Forte supply -- in 2016

12:01 am U.S. ET | Sept. 1, 2014
Kia is evaluating which nameplates it will assemble as part of "a range" of compact models to be built at the plant in Monterrey that Kia announced last week....
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Kia targets 270,000 sales of the new Sorento next year

Aug. 28, 2014 10:05 CET
Kia unveiled its redesigned Sorento, saying it aims to sell 270,000 units of the SUV globally next year as the automaker seeks to maintain its momentum in the U.S., Europe and other key markets....
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Kia says it will build 'range' of small cars at new plant in Mexico

2:59 pm U.S. ET | Aug. 27, 2014
Kia plans to produce “a range” of small cars for markets including the United States at its $1 billion plant in Monterrey, Mexico, after production begins in the first half of 2016, the company said in a statement....
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Kia to unveil plans for assembly plant in Mexico, sources say

6:14 pm U.S. ET | Aug. 26, 2014
Kia will announce plans Wednesday to construct an assembly plant in Mexico, its first in the country, according to two sources with knowledge of the matter. The South Korean automaker will build the factory in the Monterrey area of northern Mexico, a senior automotive industry source in Mexico City told Automotive News....
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Dealership Buy/Sell

12:01 am U.S. ET | Aug. 25, 2014
BUYER: Garcia Automotive Group
SELLER: Lawton Davis
OLD NAME: Galles & Davis Cadillac-Subaru, Albuquerque, N.M.
NEW NAMES: Garcia Cadillac, Garcia Subaru
MORE: Ryan Morris and Keeley Bedford of Tim Lamb Group were the advisers....
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Kia brings back hamsters for Soul EV ad campaign

12:49 pm U.S. ET | Aug. 21, 2014
Kia rolled out the new “fully charged” ad campaign for the Soul EV today, featuring Adam Levine's falsetto on the new Maroon 5 track “Animals” and, of course, the Kia hamsters....
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Blessing from Pope Francis may help sell a few Souls

12:01 am U.S. ET | Aug. 18, 2014
Kicking off a five-day visit to South Korea last week, the pope slipped into the back of a Kia Soul and rolled down a window to wave at the welcoming party, including President Park Geun-hye....
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2016 Sorento longer, lower, roomier

12:01 am U.S. ET | Aug. 18, 2014
Kia has released the first images of the 2016 Sorento, which will be longer, lower and have more interior space than the outgoing version...
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Kia joins Bentley in wooing the 1% crowd at Pebble Beach

2:34 pm U.S. ET | Aug. 15, 2014
The number of automotive brands making an appearance at the classic-car events in Pebble Beach, California, this week reflects the increasing number of automakers fighting for a piece of the luxury new-vehicle market. High-end car sales, fueled both by more mass-market brands offering upscale models and more premium marques offering lower priced choices, have outpaced the U.S. auto industry's growth since 2012....
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