Delays in launching new models took a bite out of Kia Motor Corp.’s first quarter earnings, down 14.4% to 98.9 billion won ($77.7 million). Sales fell to 2.8 trillion won ($2.2 billion) from 2.9 trillion won ($2.3 billion) a year earlier. However, Kia says the domestic-market launch of its new Sorento SUV in March and the vehicle’s July U.S. launch – delayed from April – should help turn things around in the coming quarters. A Kia spokeswoman says the Sorento is selling well, but those ...
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