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Kia Motors Plans to Invest $100 Million in the US
Nitrobahn ^ | June 4, 2011

Posted on 06/04/2011 7:35:37 PM PDT by 2ndDivisionVet

With a significant increase in sales, Kia Motors is planning to invest $100 million in the US to boost up their production to meet the increasing market demand. This South Korean giant will utilize this money to increase the production of their Georgia plant by 20 percent.

The Georgia plant, Kia Motors Manufacturing Georgia, Inc. (KMMG), currently produces 300,000 vehicles per annum, which will be increased to 360,000 vehicles per annum after the proposed expansion. The plant currently employs about 3000 people and additional 1000 people are already hired by the automaker for the proposed additional production. The expansion plan will upgrade the stamping, welding, paint and general assembly of the plant. This plant currently produces the Sorento SUV and Hyundai Motors’ Santa Fe SUV, while the 2012 Optima sedan will be added to the lineup this September.

The Optima sedan, also known as the K5 in Korea, is the one which along with the Sorento is responsible for Kia’s recent success in the US market. The company’s success is described as unprecedented by the CEO of Kia Motors, America. Kia reported an increase of 53.4 percent in sales in May, with total sales of 48,212 units and 45 percent in the first five months of 2011. Kia’s parent Hyundai, which currently holds 39 percent stakes in Kia, reported an increase of 21 percent in sales. Hyundai and Kia collectively topped 10 percent in market shares, thus being ranked fifth in global car sales.


TOPICS: Business/Economy; Local News
KEYWORDS: automobiles; automotive; georgia; korea
The free market at work.
1 posted on 06/04/2011 7:35:41 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

In 1982, I heard the then outgoing UAW President Doug Fraser say in a speech that for every Japanese auto job created in America, it was costing the UAW three jobs.

I still laugh at the the stupidity and irony in that remark.


2 posted on 06/04/2011 7:40:30 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: tcrlaf

amazing. this is what obama is counting on jobs?????


3 posted on 06/04/2011 7:41:49 PM PDT by television is just wrong
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To: 2ndDivisionVet

What can we do to stop this scourge of inshoring? Oh, never mind, Obama is on it.


4 posted on 06/04/2011 7:43:21 PM PDT by 1rudeboy
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Comment #5 Removed by Moderator

To: Bockscar

For the money KIA makes a good car and an awesome warranty.


6 posted on 06/04/2011 7:47:11 PM PDT by scooby321
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To: 2ndDivisionVet

I’d buy a Kia before I’d buy anything made by Obama Motors.


7 posted on 06/04/2011 7:49:14 PM PDT by TonyInOhio (The dice are on the table. It is hot in Suez.)
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To: scooby321

If you remember the ford Festiva of the late 80’s & early ‘90’s; It was a Kia!


8 posted on 06/04/2011 7:50:43 PM PDT by PizzaDriver ( on)
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To: Bockscar

Glad they are building it in Georgia.


9 posted on 06/04/2011 7:52:38 PM PDT by EQAndyBuzz (Sarah Palin - She’s living rent-free inside the MSM’s heads. Credited to Lurk)
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To: PizzaDriver
“If you remember the ford Festiva of the late 80’s & early ‘90’s; It was a Kia!’

Unfortunately, I do. There are some things you can't forget no matter how hard you try.

Kia is Hyundai's low-end line.

10 posted on 06/04/2011 8:05:27 PM PDT by bwc2221
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Comment #11 Removed by Moderator

Comment #12 Removed by Moderator

To: bwc2221

Ka Ka Ka Kia


13 posted on 06/04/2011 8:30:09 PM PDT by at bay (My father was born with 28 ounces of flesh in 1924 then went on to become Mr. (Glenn) Holland.)
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To: scooby321

I have to admit the Optima is a decent looking car. The sad thing is, my grandfather worked for GM for 50 years, so I’m eligible for the employee discount on cars. But I will never buy Obama Motors.


14 posted on 06/04/2011 8:31:17 PM PDT by VA_Gentleman ("Poor Al Gore. Global warming completely debunked via the very internet you invented." -Jon Stewart)
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To: scooby321

Hyundai and KIA (which they now at least partially own, I think) have really been “hitting on all cylinders” recently. Their cars are all very well rated and a good value - far different than when they first sold cars here. I TRIED to buy an “American” car (whatever that means these days) for my wife but it was hard to ignore that the Hyundai was not just cheaper - it was clearly, I am sorry to say, of better quality.


15 posted on 06/04/2011 8:57:42 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie

P.S. GM tried to pump of the price of the crossover we were interested in by creating an artificial shortage. We would have to wait months to get the one we wanted and pay a premium. They wound up with a REAL, NATURAL shortage - of buyers, that is.


16 posted on 06/04/2011 9:00:36 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie
Hyundai and KIA (which they now at least partially own, I think)
have really been “hitting on all cylinders” recently.

Hyundai owns KIA....
its their lower-cost (not cheap) option....
unlike OBahbah's Government Motors.


17 posted on 06/04/2011 9:49:26 PM PDT by skinkinthegrass (You do not have to smear (Pharaoh / Imam) Obama w/ lies....the truth does a fine job. :)
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To: 2ndDivisionVet

Not. We’ve probably given them a few billion to throw around.


18 posted on 06/04/2011 10:04:34 PM PDT by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
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To: ebshumidors

Those are non-union shops. The chance of them getting money from Mr. Obama and the Democrats is right between slim and none.


19 posted on 06/04/2011 10:27:09 PM PDT by 2ndDivisionVet (How do you starve an Obama supporter? Hide his food stamps under his work boots.)
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To: 2ndDivisionVet
The 2009 bailout of GM prevented the lame company from going bankrupt, restructuring, rehiring workers at more competitive salaries and increasing the number of good cars made by Americans for Americans. As a result of the failed bailout, GM is bloated with poor stock holders, rich workers and demanding politicians who makes lame stuff that no one wants. Hence, the bailout damaged the entire American auto industry and foreigners like Kia and Hyunai will move in. My 2002 Hyundai has 290,000 miles and still gets 34 mpg.

Socialism (the political control of business) never works. Go Kia.
20 posted on 06/04/2011 11:58:57 PM PDT by Falconspeed ("Keep your fears to yourself, but share your courage with others." Robert Louis Stevenson (1850-94))
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To: PizzaDriver
The Vega was a Chevy. The Neon was a Chrysler. The Pinto was a Ford.

What's your point?

If we weren't tied into a lease on my Wife's Mazda 6, she would be driving a Kia Optima SX Turbo today. It looks like a Lexus for half the price, it has twice the Warranty Coverage and it has nearly the same Horsepower with better mileage.

Sounds like a WIN, WIN, WIN, WIN, WIN to me.

Funny thing, her Mazda 6 was built in a Ford Plant by the UAW. Come to think of it, so was my 2011 Ford Mustang.

21 posted on 06/05/2011 12:30:23 AM PDT by Kickass Conservative (After the Commies take over, Moderates will become an endangered species...)
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To: 2ndDivisionVet

I bought a KIA last year. My kids are older and have their own trucks and I wanted to downsize. I bought it specifically because the car is built in GA.


22 posted on 06/05/2011 7:13:39 AM PDT by panthermom (Pray for my son in Aghanistan and all the troops!)
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To: 2ndDivisionVet

I’m talking about foreign aid to ROK funneled to their companies.


23 posted on 06/05/2011 8:42:01 AM PDT by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
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