Kia Motors Corp. says it is increasing prices in export markets, including the U.S., by an average of 2.5% and domestic prices by an average 2.0%, a spokesman tells Ward’s. “(The increase) will differ from market to market and model to model,” he says. “We are not saying which models will be affected or by how much. The price increase is necessary because of substantially higher costs in fuel, raw materials and transportation services. Additionally, the won has been pushed back a bit and ...
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