UPDATE 2-Kia posts first operating loss in six years


(Adds sales target cut, analyst and executive comments) By Kim So-young and Kim Yeon-hee SEOUL, Oct 28 (Reuters) - Kia Motors Corp., South Korea's No. 2 car maker, on Friday posted a first quarterly operating loss in six years and cut its 2005 sales target after a labour strike and high raw material costs dented its performance. A stronger won also ate into earnings, making Korean exports more expensive. Kia , an affiliate of market leader Hyundai Motor Co. , is the fastest-growing car ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Kia posts first operating loss in six years" 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
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×