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
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
