S.Korea's Kia Motors post 39.6 pct fall in Q1 operating profit

Hyundai Motor Co.'s vehicles at a port in the industrial city of Ulsan

Kia Motors has announced its foray into the Indian vehicle market. The company will invest this money in building a manufacturing facility in Anantapur, Andhra Pradesh. "The manufacturing facility is expected to begin production in the second half of 2019 and produce up to approximately 300,000 units each year", the company said in a statement. KIA Motors sells several models, Sportage, Optima, Cadenza, Soul, globally and has manufacturing facilities in Korea and Mexico.

The plant, Kia's first in India, will come up in Penugonda in Anantapur district and produce three lakh cars a year.

Yoenis Cespedes exits game with left hamstring pull
With a.286 team on-base percentage, also second-worst in the league, the Mets can not manufacture offense without the home run. The 10 hits and three walks he gave up were both career highs. "I'm not going on the DL, that's not going to happen", he said.

While comprehensive details about what all models will be introduced in India under the Kia brand haven't been revealed yet, the automaker has announced that the first two products will be a compact sedan and a compact SUV. The Kia factory site will also have several suppliers setting up shop in the vicinity of the plant, though several of Hyundai's suppliers may also supply to the plant. The worldwide demand for Kia cars is growing and this is its latest step towards becoming a leading global vehicle manufacturer.

Kia Motors, the nation's second-largest automaker, saw its profit tumble in the first quarter, affected by soured consumer sentiment in China as well as a stronger local currency against the USA dollar.

Study raises alarm about drugged drivers: 'Drivers don't understand the risk'
Because marijuana can linger in a system for weeks, a driver might not be intoxicated when being tested, he said. A survey from AAA shows a majority of OH drivers fear drugged drivers more thank drunk drivers.

Kia Motors' new factory will be spread over 536 acres (2.16 sq. kms) and will have a manufacturing operation that incorporates stamping, welding, painting and final assembly facilities.

India continues to be one of the world's most promising markets as an increasing number of families can afford cars as incomes rise.

Turkey's opposition loses appeals against referendum
Everyone, and the main opposition party in particular, must show respect. "It is wrong to speak after the people have spoken". A failed coup previous year allowed him to turn up the heat on opposition voices in the run-up to Sunday's vote.

Hyundai is a brand which has been known for its design philosophy and Kia Motors falls under the same bracket. "With economies in emerging economics such as Russian Federation and Africa in recovery, the company will tackle those markets with models fit for locals", said a company spokesperson. The company was founded in 1944 and now produces over three million vehicles a year from 14 manufacturing and assembly units in five countries.


Related News

  • Intel quarterly revenue misses estimates on data centre weakness

    Meanwhile, the Intel Security Group (which was spun out during the quarter) posted revenue of $534 million, down 1 percent. Following the sale, the executive vice president now owns 107,758 shares of the company's stock, valued at $4,044,157.74.
    Storms with tornadoes possible in Arkansas, Texas, Louisiana

    Storms with tornadoes possible in Arkansas, Texas, Louisiana

    Enjoy the 70s while we have them for one more day - temps won't even touch the upper 60s until early next week. Some of these storms could be strong, capable of gusty winds and hail, the weather service said.

    France's mainstream politicians unite to back Macron over Le Pen

    Mr Macron is seen beating Ms Le Pen by 61 per cent to 39 per cent in the run-off vote, according to pollster Opinionway yesterday. The polls still point to a landslide victory for Macron in the second round of the election, which will take place May 7.
  • EPA seeks to derail cleanup of coal power plant pollution

    The program is meant to support poor, often minority communities with severe environmental challenges. In attendance were residents, NAACP national President Cornell Williams Brooks and community members.
    Yahoo!'s Marissa! will! eject! with! $186m!. $185m!. $184m!..

    Yahoo!'s Marissa! will! eject! with! $186m!. $185m!. $184m!..

    To make matters worse, Verizon threatened they may pull out of the deal as clearly the security measures at Yahoo were subpar. There is now no information but the company is looking to unload some of the Yahoo Japan shares to create value.
    Have Elon Musk And Amber Heard Confirmed Their Relationship?

    Have Elon Musk And Amber Heard Confirmed Their Relationship?

    Meanwhile, Musk ceased his marriage to actress Talulah Riley a year ago , his second marriage to her since 2010. Amber captioned her snap, "Cheeky", and showed her man with an obvious red lipstick mark on his cheek.
  • Levack's Favorite Moments In The Yankees - Red Sox Rivalry

    Levack's Favorite Moments In The Yankees - Red Sox Rivalry

    Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Most significantly, the Yankees have been powered, literally, by 25-year-old Giancarlo Stanton clone Aaron Judge .

    Nintendo Switch sold 2.74 million units in first month

    Kimishima said Nintendo would be spending more this year on promotion to sell the Switch, putting a drag on operating profit. We already knew that the Switch was doing well , and Nintendo confirmed this during its latest earnings report .

    James Gunn to write, direct 'Guardians of the Galaxy Vol. 3'

    The first clip is called "Sovereign Fleet" and the second "Death Button", of which you've seen a version in the film's trailers. Helmed by James Gunn, the flick stars Chris Pratt, Zoe Saldana, Bradley Cooper, Dave Bautista and Vin Diesel in pivotal roles.
  • Erin Moran's Husband Steve Fleischmann Writes Heartbreaking Letter About Her Cancer Battle

    Erin Moran's Husband Steve Fleischmann Writes Heartbreaking Letter About Her Cancer Battle

    However, Fleischmann writes that on April 21, "she was having trouble breathing", and the next day, "she was not 100 percent". Baio, 56, talked about his love for Moran, saying she was his " very real first girlfriend".

    Kuwait says expects extension of OPEC, non-OPEC oil deal

    Al Rumhy said Iran and Venezuela, both members of OPEC, have expressed support for an extension of the production cuts. He has a deep understanding of market fundamentals and the impact of global events on capital markets.
    Target Stores Turn Shopping Carts Into Mario Kart

    Target Stores Turn Shopping Carts Into Mario Kart

    Earlier this week, Best Buy also announced that it would have consoles available on Mario Kart 8 Deluxe 's April 28 launch day. The biggest highlight of Mario Kart 8 Deluxe , and what makes the entire package worth picking up, is the game's Battle Mode.