Skip to comments.Kia Motors Plans to Invest $100 Million in the US
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 Kias recent success in the US market. The companys 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. Kias 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.
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.
amazing. this is what obama is counting on jobs?????
What can we do to stop this scourge of inshoring? Oh, never mind, Obama is on it.
For the money KIA makes a good car and an awesome warranty.
I’d buy a Kia before I’d buy anything made by Obama Motors.
If you remember the ford Festiva of the late 80’s & early ‘90’s; It was a Kia!
Glad they are building it in Georgia.
Unfortunately, I do. There are some things you can't forget no matter how hard you try.
Kia is Hyundai's low-end line.
Ka Ka Ka Kia
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.
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.
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.
Hyundai owns KIA....
its their lower-cost (not cheap) option....
unlike OBahbah's Government Motors.
Not. We’ve probably given them a few billion to throw around.
Those are non-union shops. The chance of them getting money from Mr. Obama and the Democrats is right between slim and none.
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