Mexican Media Brands
Kia Posts 12% Higher Profit
South Korea's Kia Motor Corp.'s profits climbed to 876 billion won ($842 million) in January-March 2014 from 784 billion won a year earlier.
#economics
Share
South Korea's Kia Motor Corp.'s profits climbed to 876 billion won ($842 million) in January-March 2014 from 784 billion won a year earlier.
First-quarter revenue grew 8% to 11.9 trillion won ($11 billion). Operating profit expanded nearly 5% to 736 billion won ($708 million) as exports increased 13%.
But Kia, which is 34% owned by Hyundai Motor Co., cautions that further strengthening of the won will hurt second-quarter results. The two companies said earlier that their combined sales growth this year is likely to be the slowest in more than a decade.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.