Kia swings to Q3 loss on weaker sales, strong won

Newswire

SEOUL, Oct 30 (Reuters) - Kia Motors Corp. , South Korea's No.2 auto maker, on Monday posted a swing into a quarterly loss, dented by a strike that hit sales, a stronger local currency and higher marketing costs. Kia, an affiliate of Hyundai Motor Co. , said it swung to a July-September net loss of 43.9 billion won ($46.35 million) from 75.9 billion won a year ago -- well below a 29.5 billion won profit forecast from eight analysts polled by Reuters. Second-quarter net profit was 45.1 ...

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