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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
March 13, 2006 | From Bloomberg News
Kia Motors Corp., South Korea's second-largest automaker, said it would build its first U.S. vehicle assembly plant in West Point, Ga., choosing a site not far from a plant owned by parent Hyundai Motor Co. to tap growing sales in North America. Kia Chief Executive Chung Eui-sun and Georgia Gov. Sonny Perdue signed an agreement Sunday in Seoul to build the facility on the border with Alabama, with production scheduled to begin in 2009, Kia said.
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