- Tag results for Kia_Motors
Hyundai Motor Co and sister carmaker Kia Motors Corp on Monday said they planned to temporarily shut down plants in the United States to avoid potential damage from Hurricane Irma.
Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market.
The ground levelling works of the car manufacturing unit of South Korean automobile major Kia Motors proposed in Penukonda mandal are in full swing.
Kia Motors, an affiliate of Hyundai Motor, said it plans to start production at the factory in Anantapur district in the second half of 2019.
Kia intends to produce small sedans and small sport utility vehicles at the plant from July 2019, sources said.
Hyundai Motor likely clocked its fourth straight annual profit decline last year, hurt by its higher exposure to weak emerging markets.