S.Korea's Kia Q4 swings to loss on won, marketing

Newswire

SEOUL, Jan 26 (Reuters) - Kia Motors Corp. , South Korea's No.2 auto maker, said on Friday it swung to a quarterly loss, hit by a stronger won and higher marketing costs. Kia, an affiliate of top South Korean automaker Hyundai Motor Co. , reported a net loss of 200 million won ($213,800) in the fourth quarter, compared to a revised 263.7 billion won a year earlier and a 43.9 billion net loss in the previous quarter. The result widely missed a consensus forecast for 57.5 billion won ...

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