Tuesday 4 October 2022

Kia Motors To Begin Production of Vehicles at Mexico Plant

Paying the bills

Latest

Black jaguar is captured by camera traps in the Cordillera de Talamanca

QCOSTARICA - A jaguar with melanism (an increase of...

Border crossing with Panama restored, but trade conflict continues

QCOSTARICA - The temporary blockade that a group of...

Costa Rica begins with vaccination against Covid-19 in children

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS)...

The Best Online Casinos You Can Use Anywhere In The World

There’s nothing worse than having a winning streak on...

Business sector call for declaration of national emergency due to poor road conditions

QCOSTARICA - The Unión Costarricense de Cámaras y Asociaciones...

Heavy rains caused landslides and road closures

QCOSTARICA - The heavy rains on Monday caused landslides,...

Tourism dynamism does not reach all small businesses

QCOSTARICA - It is estimated that, by the end...

Dollar Exchange

¢625.74 Buy

¢631.33 Sell

04 October 2022 - At The Banks - BCCR

Paying the bills

Share

forte-cerado
Kia’s K3 compact car, the Forte/Cerado

(Q24N) MEXICO – Kiaa Motors Corp., South Korea’s second-ranked carmaker, has said it plans to begin production of vehicles at its plant in Mexico.

The production of the K3 compact car is set to start on Monday, May 16, Kia said.

In Seoul, a Kia spokesman confirmed the plant is scheduled to start operation on Monday as scheduled.

- Advertisement -

Kia said it plans to produce 100,000 units in 2016 before boosting its annual capacity to 300,000 units. That would raise Kia’s total production capacity to 3.49 million units — 1.63 million units in South Korea and 1.86 million units in overseas plants.

Kia said it plans to expand its presence in Central and South America as well as North America by taking advantage of Mexico’s many free-trade agreements to ship duty-free cars to most of those markets.

Meanwhile, Kia said its negotiations with the northern Mexican state of Nuevo Leon are still under way over incentives and other benefits. It did not provide details.

Kia Motors was promised, among other things, land for a plant free-of-charge and a five-year corporate tax exemption by the state of Nuevo Leon for its assembly plant.

- Advertisement -
Paying the bills
Avatar photo
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Black jaguar is captured by camera traps in the Cordillera de Talamanca

QCOSTARICA - A jaguar with melanism (an increase of dark pigment...

Border crossing with Panama restored, but trade conflict continues

QCOSTARICA - The temporary blockade that a group of carriers at...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.