Kia Motor to miss '07 operating profit target-exec

Newswire

SEOUL, Oct 26 (Reuters) - Kia Motors Corp , South Korea's No.2 auto maker, is expected to miss its initial operating profit target of 290 billion won for this year, a company executive said on Friday. The firm made a 127.5 billion won ($139.2 million) operating loss for 2006. "We target break-even for the whole year," Ahn Hee-bong, Kia's executive vice president, told reporters at a results news conference. Earlier, Kia posted a bigger-than-expected third quarter operating loss of ...

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