HYUNDAI, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE

Highlights –

• Hyundai, KIA estimates combined Q1 net profit to rise.
• The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
• Hyundai expects a net profit of US$1.18 billion in the first quarter.
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3 KIA CARS COMING TO INDIA IN 2021

HIGHLIGHTS

• Three Kia cars are releasing in India in 2021.
• The new cars have been named as Kia Carnival, Kia Sorento, and Kia Seltos EV.

In the New Year 2021, three new Kia cars are going to be launched in India. The description of th...

KIA MOTORS RECALL 295,000 U.S. VEHICLES FOR ENGINE FIRE RISKS

Highlights

• The recall covers some 2012-2013 model year Sorento, 2012-2015 Forte and Forte Koup, 2011-2013 Optima Hybrid, 2014-2015 Soul, and 2012 Sportage vehicles

• The engine compartment for fuel or oil leaks will be inspected by the dealers along with performing...

S KOREAN AUTOMOTIVE SECTOR EXHIBITS A HEALTHY RUN IN SALES AND PRODUCTION VOLUMES

• South Korea’s automotive industry has recuperated with sales and production grow by over 20% on-year in September, government data showed Monday.
• According to trade sources, the productions of Korean cars have increased by a healthy 23.2% in September, compared to the sam...