Edition:
India

Kia Motors Targets Operating Margin of Over 5 Pct in 2022


Thursday, 25 Apr 2019 

April 25 (Reuters) - Kia Motors Corp <000270.KS> says::TARGETS OPERATING MARGIN OF OVER 5 PERCENT IN 2022.SEES CHINA VEHICLE DEMAND REBOUNDING IN SECOND HALF.SHARES OF KIA MOTORS FALL MORE THAN 3 PERCENT.SEES PORTION OF CHINESE LOCAL PARTS RISING SHARPLY IN UPCOMING MODELS IN CHINA.TO LAUNCH FIRST CROSSOVER BASED ON ELECTRIC VEHICLE PLATFORM IN JUNE 2021.TO START OUTPUT OF INDIAN FACTORY IN AUGUST.INDIAN FACTORY TO BREAK-EVEN NEXT YEAR.SEES U.S. PROFITABILITY IMPROVING.