Sources Say Kia Planning First Mexico Plant

Newswire

* Carmaker picks Monterrey, Mexico for new plant - source * Needs 21 months to start production after groundbreaking - source * New factory will build small vehicles - source * Capacity set at 300,000 vehicles a year - source * Carmaker mulling means to solve U.S. supply shortage - spokesman (Add comments from sources, background) By Hyunjoo Jin SEOUL, June 2 (Reuters) - Kia Motors Corp plans to break ground soon on a new plant in Mexico, two sources familiar with the matter said, a further ...

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