UPDATE 2-S.Korea's Kia Q3 loss widens, to miss target

Newswire

(Updates with additional quote, shares) By Cheon Jong-woo SEOUL, Oct 26 (Reuters) - Kia Motors Corp , South Korea's No.2 auto maker, reported a bigger-than-expected quarterly net loss on Friday due to weaker sales and said it would miss its 2007 operating profit target as costs swell. Kia, an affiliate of the country's top auto company Hyundai Motor Co , is expected to continue struggling in coming quarters as won strength against the dollar hits U.S. earnings and as local sales stall ...

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