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kia motors corporation (KIMTF) Details

Kia Motors Corporation, together with its subsidiaries, manufactures, distributes, and sells motor vehicles and parts worldwide. The company offers passenger cars, SUVs and MPVs, recreational vehicles, and other commercial vehicles. It is also involved in leasing vehicles and providing vehicle maintenance services. The company sells its products through own showrooms, as well as through a network of dealers. Kia Motors Corporation was founded in 1944 and is headquartered in Seoul, South Korea.

Founded in 1944

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kia motors corporation (KIMTF) Key Developments

Kia Motors Reports Financial Results for the Second Quarter and First Half of 2014; Provides Sales Guidance for the Full Year of 2014

Kia Motors reported financial results for the second quarter and first half of 2014. For the second quarter, the company's net profit declined 13.3% year on year to KRW 1.02 trillion, while operating profit plunged 31.6% year on year to KRW 770 billion, on sales of KRW 12.0 trillion, down 8.1% year on year. For the six months, the company’s net profit contracted 3.3% year on year to KRW 1.9 trillion, while operating profit fell 17.8% year on year to KRW 1.5 trillion, on sales of about KRW 24.0 trillion, edging down nearly 1.0% year on year. The company’s global retail sales volumes during the first half reached more than 1.44 million units, up 4.3% year on year. For the full year 2014, the company has maintained its global sales target of 2.918 million vehicles.

Kia Launches 2015 K7 Sedan in South Korea

Kia launched the 2015 model-year K7 sedan in South Korea. The facelift to the K7 features mild styling tweaks to the interior/exterior, notably a new chrome radiator grille and 19-inch new alloy wheels, while the interior gets wood-grain panels, ventilated seats, and an individual tyre-pressure monitoring system. The facelift will now be available in three trims instead of six for the outgoing model. The new model is priced in the range of KRW 29.6-33 million (USD 29,010-32,350). The automaker also unveiled the 2015 model-year hybrid electric version of K7, known as the 700h. The new model carries a distinctive hybrid emblem and features minor upgrades. The price for the model is in the range of KRW 34.5-36.2 million.

KIA Motors Co., Ltd. Announces Sales Results for the Month and First Half Ended June 2014 in China

KIA Motors Co. Ltd. announced sales results for the month and first half ended June 2014 in China. For the month, the company reported total sales volume of 51,006 vehicles, rising 13.1%. For the first half, the company's sales reached 310,715, hiking 12.4% from 276,466 vehicles a year earlier.


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