UPDATE 1-Kia Motors Q2 profit flat despite robust exports

Newswire

(Adds details, shares) SEOUL, July 30 (Reuters) - Kia Motors Corp. , South Korea's second-biggest car maker, reported flat quarterly net profit on Friday as rising steel prices and weak local sales offset a jump in exports. Global steel prices, up 14 percent in the first half, have gnawed at Kia's bottom line along with heavy marketing costs to give incentives to auto buyers in a sluggish domestic market. Analysts, however, banked on better local sales for the second half as Kia, an ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Kia Motors Q2 profit flat despite robust exports" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×