Advertisement
YOU ARE HERE: LAT HomeCollectionsKia Motors Corp
IN THE NEWS

Kia Motors Corp

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.
Advertisement
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.
BUSINESS
June 15, 1998 | Associated Press
Bankrupt Kia Motors Corp. of South Korea ordered its plants locked for 10 days as negotiations with striking workers failed to make progress. However, Kia's 20,000-member labor union said its members would continue to go to their workplaces to picket. Kia, once the nation's second-largest auto maker, is in court receivership after going bankrupt last July under the weight of $1 billion in bank debt.
BUSINESS
October 29, 1997 | Bloomberg News
Kia Group Chairman Kim Sung Hong, yielding to public and government pressure, announced his resignation, ending a three-month standoff with creditors over the fate of the near-bankrupt conglomerate. Kim's departure may help bring an end to the financial crisis caused by Kia's $10-billion debt, problems that have caused the South Korean stock index to tumble a third since early August.
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
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.
Los Angeles Times Articles
|