VIENNA – OAO Ukrainskaya Avtomobilnaya Korporatsya (UkrAvto) is taking over Kia Motors Corp. imports in Ukraine from Korporatsya Bogdan. Bogdan cites "differing opinions on the strategy for developing the Kia brand in Ukraine,” as well as the economic crisis, as the reasons for the decision to cease importation. Kia sold 24,881 cars in Ukraine last year, up 53.7% from 2007, for a 4% share of the market and No.10 sales position. Deliveries this year, however, are down. Bogdan assembled ...
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