ID :
186204
Fri, 06/03/2011 - 06:51
Auther :
Shortlink :
https://oananews.org//node/186204
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Kia Motors to expand U.S. production facility
SEOUL, June 3 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Friday that it will expand its manufacturing plant in Georgia, the United States, to increase its production capacity by 20 percent to 360,000 vehicles a year.
The planned expansion of the facility will cost about US$100 million, according to company officials.
The decision comes as Kia Motors' sales in the U.S. are rapidly increasing, especially since the launch of its award-winning passenger sedan K5, sold in the United States as the Optima, last year.
The company's U.S. sales jumped 53.4 percent last month from a year earlier to 48,212 units, the company said earlier. Sales of the Optima jumped 210 percent on-year to 7,400 units in May.
Kia's Georgia plant will also begin producing the Optima from September, the company officials said.
The planned expansion of the facility will cost about US$100 million, according to company officials.
The decision comes as Kia Motors' sales in the U.S. are rapidly increasing, especially since the launch of its award-winning passenger sedan K5, sold in the United States as the Optima, last year.
The company's U.S. sales jumped 53.4 percent last month from a year earlier to 48,212 units, the company said earlier. Sales of the Optima jumped 210 percent on-year to 7,400 units in May.
Kia's Georgia plant will also begin producing the Optima from September, the company officials said.
