Mexican Media Brands
Local Officials Say Kia Will to Open Assembly Plant in Mexico
Local officials confirm Kia Motors Corp. is negotiating to open a car plant worth more than $1.5 billion outside Monterrey, Mexico, Reuters reports.
Share
Local officials confirm Kia Motors Corp. is negotiating to open a car plant worth more than $1.5 billion outside Monterrey, Mexico, Reuters reports.
The secretary for economic development for the state of Nuevo Leon tells the news service the deal may be finalized by mid-August. The facility will have capacity to build about 300,000 cars per year.
Reuters reported most of those details last month, citing unidentified sources.
Kia and parent Hyundai Motor Co. continue to acknowledge only that they are looking for ways to increase production in North America. Kia's car/SUV plant in Georgia, and Hyundai's car factory in Alabama are running at full capacity.
RELATED CONTENT
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
