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Kia Motors Corp

BUSINESS
March 8, 2006 | John O'Dell
South Korean automaker Kia Motors Corp., a member of Hyundai Automotive Group, is expected to announce plans for its first U.S. manufacturing plant as early as next week, with a site in southwestern Georgia believed to be the leading candidate. The area is within 100 miles of Hyundai Motor Co.'s assembly plant in Montgomery, Ala., and is close to a number of Hyundai suppliers. A spokesman at Kia's U.S. headquarters in Irvine said the company would make an announcement "by the end of the quarter."
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BUSINESS
May 12, 2001 | Bloomberg News
Kia Motors Corp.'s U.S. unit recalled 9,461 Optima sedans because wiring for the driver's side air bag can be damaged by the seat-adjustment mechanism. The South Korean auto maker's dealers will reroute the wiring to eliminate the problem, Kia said in a statement. The work will take less than an hour and be done without charge, the company said. Kia began selling the Optima in the U.S. in late December.
BUSINESS
February 13, 1998 | (John O'Dell)
Kia Motors America said Thursday it is recalling all 1997 Sportage sport-utility vehicles sold in the United States so it can repair a potentially faulty power door lock system. Company officials said the problem would not cause doors to spring open, but could cause a locked door to inadvertently unlock. Kia said it is sending notices to owners of 23,493 Sportages made from July 26, 1996, to Aug. 12, 1997.
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.
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.
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