Tuesday, January 31, 2012
Monday, January 30, 2012
Kia Motors 2011 profits up to 30.4%, record high!
Kia Motors, the maker of the Optima sedan and Rio compact on Friday reported record-high earnings last year on the back of its upgraded brand image and robust sales growth in overseas markets.
Net profit reached 3.5 trillion won (US$3.1 billion) last year, up 30.4 percent from a year earlier, the company said in a regulatory filing.
Sales jumped 20.6 percent on-year to 43.2 trillion won in 2011, and operating profit also shot up 41.6 percent to 3.5 trillion won.
The company sold 2.48 million vehicles in 2011. It sold some 485,000 vehicles in the U.S. market, up 36.3 percent from a year earlier, while sales in China, now the world’s largest market for automobiles, jumped 29.9 percent to 433,000 cars. Sales in other regions rose 18.4 percent to 778,000.
The South Korea automaker, in which Hyundai Motor Co. owns a nearly 40% stake, expects overall sales for 2012 to grow 9.5% to 2.71 million units, slowing from a 19% rise to 2.48 million units last year.
Reuters reports that in Europe, Kia aims to boost sales by 23 percent to 356,000 vehicles – while in U.S. the maker of Optima plans to boost sales by 10 percent to 534,000 vehicles this year.
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Tuesday, January 24, 2012
New Kia driver pairings for the 2012 Grand-Am Continental Tire Sports Car Challenge
Kia Motors America and racing partner Kinetic Motorsports will begin defense of the 2011 Street Tuner (ST) Team and Driver titles with new driver pairings for both the No. 10 and No. 12 Infinity Audio Forte Koups when the green flags drops on the 2012 GRAND-AM Continental Tire Sports Car Championship (CTSCC) season at Daytona International Speedway on Friday, January 27. Fresh off his 2011 Sonoco Sprint Cup Rookie of the Year performance, familiar face Andy Lally returns to the Kia Racing program, reuniting with ST Driver champion Nic Jönsson and the No. 10 car. Lally and Jönsson were last seen capturing Kia's first-ever GRAND-AM podium at Daytona in January 2011 before Lally left to pursue his dream of competing in NASCAR Sprint Cup. "I'm thrilled to be included with Kinetic Motorsports and Kia Racing again for the 2012 season and am excited to be teamed with Nic for a run at the championship," said Lally. "The Kia Forte Koups are some of the best prepared race cars I have ever driven, and I am looking forward to getting the season started." "Having Andy back as my teammate again full time is very exciting for the whole Kia Racing and Kinetic Motorsports team," said Jönsson. "We are looking forward to kicking off 2012 and defending the Driver and Team championships."
Courtesy of Kia Media Center
Thursday, January 19, 2012
Kia slam-dunked a new relationship with the NBA
Kia Motors America (KMA), the Official Automotive Partner of the NBA and one of the fastest growing car companies in the U.S. , has added a new team its National Basketball Association (NBA) team partnerships by becoming the "Official Vehicle of the Golden State Warriors." Beginning with the 2011-2012 basketball season, KMA also has renewed relationships with the Boston Celtics, Chicago Bulls, Cleveland Cavaliers, Denver Nuggets, Miami HEAT, New York Knicks, Philadelphia 76ers, Phoenix Suns and San Antonio Spurs, while the Los Angeles Clippers, Orlando Magic and Portland Trail Blazers remain on Kia Motors' roster in 2011-2012 as part of multi-year agreements.
Kia's U.S. sales have increased 78 percent since 2008 and the company's unprecedented growth is the direct result of expanded brand visibility through high-profile partnerships, including involvement on- and off-the-court in professional basketball. Kia is currently in its fifth year as the Official Automotive Partner of the NBA, which is the brand's largest U.S. sports marketing initiative. After he leaped over an Optima midsize sedan to become the 2011 Sprite Slam Dunk Contest champion, NBA All-Star Blake Griffin became a global brand ambassador for Kia. The brand also serves as the Official Automotive Partner of NBA All-Star, title partner of the Kia NBA Performance Awards, and an Official Automotive Partner of NBA Cares. Kia also is the title sponsor of ESPN's "Kia NBA Countdown."
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