by Staff Writers
Seoul (AFP) June 29, 2012
South Korea's second-largest automaker Kia Motors said it broke ground Friday for its third plant in China, the world's fastest-growing car market.
The company said the new plant in the northeastern city of Yancheng would produce 300,000 cars annually when completed in the first half of 2014. It would help Kia boost its annual production in China to 730,000 units.
Kia, an affiliate of South Korea's leading automaker Hyundai Motor, sold 432,518 vehicles in China last year and plans to sell 460,000 this year.
"This third plant in China will be an opportunity for us to make further progress on the quality front as well as increase overall customer satisfaction," Hyundai Motor chief Chung Mong-Koo said in a statement.
Hyundai and Kia together form the world's fifth-largest car-making group by sales. Kia operates 13 plants in eight countries including India and the United States.
Car Technology at SpaceMart.com
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Primus Green Energy Alternative Gasoline Powers Car in Test Drive
Hillsborough NJ (SPX) Jun 28, 2012
The test drive of an automobile fueled with 93-octane gasoline made from natural gas and biomass was the highlight of a dedication ceremony for Primus Green Energy's new $7 million demonstration plant at the company's Hillsborough, N.J., complex on June 22. The event was attended by a distinguished roster of more than a dozen federal, state and local dignitaries, including the keynote spea ... read more
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