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Kia Motors Corp

BUSINESS
April 23, 2003 | From Bloomberg News
More than 535,000 cars made by Honda Motor Co., General Motors Corp. and Kia Motors Corp. are being examined by the National Highway Traffic Safety Administration for defects. The reviews include 277,000 Honda Accord sedans from 1998 and 1999, and Honda CR-V sport utility vehicles from 2002, which may roll after being shifted into park. About 190,000 Saturn L series sedans from 2001 and 2002 are being examined for faulty headlights.
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BUSINESS
November 20, 1999 | (Bloomberg News)
Kia Motors Corp. said Friday it is recalling 83,403 of its Sephia compact cars sold in the past two years to repair the windshield wipers. Kia, whose U.S. operations are based in Irvine, will replace a faulty wiper link, which could disengage from the wiper motor and cause the wipers stop functioning. The recall includes 1998 and 1999 models. Owners will be notified by mail and dealers will replace the link for free, Kia said.
BUSINESS
July 24, 1998 | Bloomberg News
Ford Motor Co., the world's No. 2 auto maker, submitted a letter of intent to participate in an auction of South Korea's Kia Motors Corp. and Asia Motors Co., Kia said. The decision to sell the insolvent Kia rather than shut it down has drawn criticism from investors for failing to address the problem of excess capacity in the world's fifth-largest auto industry. Hyundai Motor Co., Korea's largest auto maker, is operating at a record low 40% capacity amid a deepening recession.
BUSINESS
March 14, 2002 | From Reuters
Kia Motors Corp.'s Sedona minivan suffered more than $4,000 in damage during a low-speed bumper crash test because its air bags deployed, the Insurance Institute for Highway Safety said Wednesday. The Sedona had a total of $9,747 in damage in four crash tests, a performance the insurance industry-sponsored group rated "poor." The insurance institute said the air bags went off when the Sedona's front end was crashed into a flat barrier at 5 mph.
BUSINESS
July 28, 1998 | From Reuters
General Motors Corp. said Monday that it wants to participate in the auction for Kia Motors Corp., but has not decided whether to submit a bid for the troubled South Korean car maker. "We submitted a nonbinding letter to the CEO of Kia expressing our interest within the framework of the auction process," GM spokesman Michael Meyerand said. "It's not a commitment to make a bid, but simply put, we wanted to keep our options open."
BUSINESS
October 20, 1998 | From Bloomberg News
Hyundai Motor Co.'s successful auction bid for bankrupt South Korean Kia Motors Corp. won't result in significant changes to Kia's U.S. operations, a top executive of the Irvine-based U.S. unit said. "The U.S. consumer won't see any changes," said Dick Macedo, vice president of sales and marketing at Kia Motors America. Hyundai and Kia will probably maintain separate brands and dealerships in the U.S.
BUSINESS
September 16, 2000 | Bloomberg News
Kia Motors Corp., a unit of Hyundai Motor Co., said it will recall all 20,439 of its 1998 Sportage sport-utility vehicles to replace the manifold catalytic converter. Kia, a South Korean company with U.S. headquarters in Irvine, found that a weld on the part could crack, resulting in exhaust leaks and noise. Such problems could cause the trucks to fail vehicle inspections or registration renewal emission tests. The welds aren't a safety risk, the company said. Kia will replace the part for free.
BUSINESS
August 12, 2005 | John O'Dell, Times Staff Writer
Kia Motors Corp. wants to join the flood of Asian and European carmakers operating U.S. manufacturing plants in the South. The South Korean company, an affiliate of Hyundai Motor Co., is looking at sites in Mississippi and Kentucky, among others, for its first North American factory. Mississippi, home to a Nissan Motor Co. assembly plant, would be the favored location, said Kia spokesman Michael Choo. The state is next door to Alabama, where Hyundai opened a $1.
BUSINESS
August 31, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Kia Motors North America said Monday that 100 of its new Sephia sedans have gone to rental-car service in Las Vegas. The 100 cars are the first of 3,000 Kias that the company aims to import to the United States and sell to rental fleets before new models go on sale next year. Budget Rent a Car, which received the first shipment two weeks ago, put the cars in service immediately, Kia Vice President Greg Warner said.
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