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Wednesday, April 7, 2010 as of 11:14 AM ET

Kia

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Hyundai Goes Against The Trend, Expanding Output In Europe

Hyundai Motor Co.

(005380.SE) Thursday said it will invest 475 million euros ($604 million) to expand production at a plant in Turkey, highlighting the success the South Korean auto maker has had in Europe, where its peers have been struggling with overcapacity in a market downturn.Hyundai, which has had success with its competitively priced models, will double annual production capacity at its Hyundai Assan Otomotive Sanayi plant to 200,000 units and add 750 jobs to a staff of 1,500 by the end of 2013.It will use the extra capacity to increase production of a new version of the small i20 car that it already makes at the plant, as well as add a second line for the i10.The plant began making the new version of the i20 on May 1 and aims to build as many as 120,000 units a year.It will begin building the i10, another small car, at the end of 2013.Both will be sold in Europe.Hyundai has one other plant in Europe, located in the Czech Republic with a capacity of 300,000 units a year. Nearly...

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  3. Kia To Temporarily Halt US Output After Fire At Supplier

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  5. Kia Motors : US Plant To Suspend Output March 19-20; Reported Parts Supply Disruption

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  6. German Car Makers Association VDA Cuts Outlook For West Europe

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  7. Kia U.S. February Sales Jump 37.3%

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    Combined January sales at South Korea's five car makers fell 1.7% from a year ago because of fewer working days because of Lunar New Year as well as lower seasonal d...

  10. CORRECT(1/26): Hyundai 4Q Net Jumps 38%; Aims To Sell 4.29 Million Units In 2012

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  11. Hyundai 4Q Net Jumps 38%; Aims To Sell 4.29 Million Units In 2012

    South Korean car maker Hyundai Motor Co. (005380.SE) on Thursday posted a 38% increase in its fourth quarter net profit as higher overseas sales, gains from sharehol...

  12. Kia Recalls 146,000 Vehicles

    Kia Motors said it is recalling 145,755 Optima sedans and Rondo crossover vehicles in the United States because of potentially faulty driver airbags.The model years ...

  1. Kia Motors To Export K9 Sedan To China In 2013, US In 2014

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  6. Kia 1Q Net Up 26%; To Beat 2012 Sales Target On Strong Overseas Sales

    Kia Motors Corp. (000270.SE) said Friday first-quarter net profit rose 26% as strong overseas sales offset weakness in the domestic market, and that it expects to be...

  7. Hyundai Launches New Santa Fe SUV; Aims To Boost Domestic Sales

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