Kia Motors Corporation · Seoul South Korea ·(Korea: 00270)
Company Description
Phone: +82-2-3464-1114
Fax: +82-2-3464-6800
Toll Free: 800-225-5542
View Kia Motors Corporation Locations On A US Map
This link will open in a new window
This link will open in a new window In tough economic times, a mix of pretty good quality and lower than Japan and Detroit prices translates to sales. Kia Motors grew to be South Korea's second-largest automaker by taking a hard detour through bankruptcy. The company had racked up $10 billion in debt during the Asian financial crisis. When creditors offered the ailing company at auction, rival Hyundai Motor bagged 51% of Kia. Its stake has reduced to less than 40%. Kia is an affiliate of Hyundai, part of Hyundai Motor Group . In the US, Kia's models include the Sedona minivan, the Sorento SUV, the Amanti luxury sedan, and the Rondo crossover. Kia also makes commercial vehicles. Its highest-capacity plants outside Korea are in Slovakia and the US. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Kia Motors Corporation Financials
| Company Type | Public - Korea: 00270 Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $16,382,231.0 |
| Employees | 32,927 |
Kia Motors Corporation Executives
19 executives listed for Kia Motors Corporation's Seoul, location.
| Title | Name & Bio | Contact |
| Chung Mong-Koo | Network | |
| Vice Chairman and CEO | Kim Ik-Hwan | Network |
| President, CEO, and Director | Cho Nam-Hong | Network |
Competition
Competitive Landscape for Kia Motors Corporation
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top Kia Motors Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!