Kia Motors Corp. posts fourth quarter 2002 earnings of 292.8 billion won ($245 million), more than doubling its like-2001 profit of 130 billion won ($109.3 million). Kia reportedly sold more higher-priced vehicles in the quarter, including the Sorento, Carnival and other high-margin SUVs. Kia also saw its operating profit for the quarter double to 310 billion won ($260.6 million). Sales increased to 4.3 trillion won ($3.6 billion), up 32%. For full-year 2002, Kia’s net income jumped ...
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