Kia Motors' August Sales Fall 3


(MENAFN- Qatar News Agency) Seoul September 01 (QNA) - Kia Motors Corp. South Korea's second-largest automaker said Monday its sales fell 3% in August from a year ago mainly due to partial labor strikes that hurt domestic production South Korea's News (Yonhap) reported. The latest data showed that walkouts by workers caused a 10.7% plunge in production of cars for overseas exports. Production at Kia's foreign plants on the other hand moved up 5.2% to 106430 units which prevented sharper drops in sales. Compared with July when sales soared to 262517 units the numbers nosedived 17.2% overall. Overseas sales were down 17.6% on-month while domestic numbers dropped 14.9% Kia said demand for its Carnival minivan Morning mini car K3 and K5 remained high at home but there was not enough supply to meet orders. The same development occurred in overseas markets where sales of the Forte compact Sportage R crossover SUV and Pride did well. (QNA)


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.