Daily News May 16, 2016

Kia’s Mexico plant starts operations Kia Motors Corp., South Korea’s second-ranked carmaker, has said it plans to begin production of its K3 compact vehicles at its plant in Mexico today. Kia said it plans to produce 100,000 units in 2016 before boosting its annual capacity to 300,000 units. The company 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. Yonhap reports. Argentina automakers eye Colombia deal to ship 20,000 units a year Argentina’s automobile industry expects to seal a deal with Colombia by July, opening up a new export market where it forecasts it can […]

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