UPDATE 2-Kia posts first operating loss in six years

Newswire

(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 ...

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