Kia and Hyundai Motors have released a revised joint sales forecast for 2008 that cuts projections by 12.5 percent. In addition, the South Korean automakers will freeze pay for managers given slumping vehicle demand.
Georgia has a keen eye on Kia, given the automaker is building a new plant in west Georgia. The $1.2 billion facility is expected to employ 2,500 workers.
The plant under construction in West Point is scheduled to open in November 2009. Company officials have consistently said the plant will open on-time, despite weakening economic conditions in the United States. This is to be Kia’s first plant in the U.S. Hyundai has a plant in neighboring Alabama. Kia is a Hyundai affiliate.
Georgia has a keen eye on Kia, given the automaker is building a new plant in west Georgia. The $1.2 billion facility is expected to employ 2,500 workers.
The plant under construction in West Point is scheduled to open in November 2009. Company officials have consistently said the plant will open on-time, despite weakening economic conditions in the United States. This is to be Kia’s first plant in the U.S. Hyundai has a plant in neighboring Alabama. Kia is a Hyundai affiliate.
