SEOUL – Kia Motors Corp. announces plans to produce its subcompact Rio cars in Ecuador through its existing partner, Aymesa. “Kia Motors and Aymesa formally have signed a memorandum of understanding that strengthens the partnership and permits Aymesa to assemble 7,000 knocked-down Rio units annually,” a Kia spokesperson says. The Kia-Aymesa partnership will increase production capacity at its assembly plant in the capital city of Quito to handle the new Rio business. The two currently ...

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