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
-
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.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data