According to South Korean economy analyst Nam Kyeong Moon, Hyundai and KIA will spend an estimate $362 million to compensate the 900,000 owners affected by the erroneous fuel consumption figures claimed by both automakers in the States since 2010. However, Hyundai and...
Hyundai and KIA are lowering the fuel economy rates on most 2011-2013 models due to a exaggerate declared mileage that affects to a vast majority of both makers lineup. Today, KIA Motors America (KMA)’s CEO Byung Mo Ahn reported a corporative message apologizing...
Kia Motors America’s (KMA) scorching summer momentum continued in August and delivered the brand’s 24th consecutive monthly sales record with 50,028 units sold. Sales over the same period last year were up 21.5 percent, and Kia is significantly ahead of...
After a slow 2012 for new products, Kia will be back on the gas in 2013. A redesigned Forte compact sedan will be launched in January, followed by a five-door hatchback and a coupe by next summer. The upscale Cadenza sedan arrives at Kia’s U.S. dealerships next...
Kia Motors Corp. 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...
