Abney Associates Comments on KIA Motors Corporation's Growth
Abney Associates advising investors on recent developments within Kia following the recent second quarter rise, exceeding estimates.
- (1888PressRelease) August 15, 2013 - KIA was founded in 1944, opening its first integrated assembly line in 1973 as South Korea's oldest automobile company it expanded to become the country's second largest manufacturer. KIA is part of the Hyundai-KIA industrial group one of the world's leaders in the automotive industry. KIA motors have dealerships in 172 countries with more than 40,000 employees worldwide, they are strategically placed to challenge their Japanese and U.S. Competitors. As Asian car manufacturer's sales increase throughout all sectors, KIA Motor Corporation is well placed exceeding analytical review.
"Abney Associates analytical reports for the past five years sales and profits indicate that they have more than doubled in the given period to date, revenue in 2012 exceeded 47 trillion South Korean Won giving 10.7 trillion won profit compared to figures in 2009 of 25.5 trillion won revenue and 4.6 trillion profit for the year ending. In a climate of economic unrest it is refreshing to see strong sales figures increasing year on year with 2013 forecast on target to increase last year's figures by over 4 percent we will be closely monitoring any developments of the company to see an increase in profit ratio," explained James Carter, Senior Vice President of Mergers and Acquisitions at Abney Associates.
KIA have managed to gain market share by transforming themselves over the last five years, giving their customers industry leading warranty's and by employing top design talent from European automakers like Audi. They have also been setting trends with their cars and SUVs that are a blend of style, performance and fuel economy.
In the U.S. they have three cars in the top twenty selling cars of 2012 with their Optima sedan, the Sorento CUV and the Soul passenger vehicle, sales have continued to dominate other markets with the K3 sedan topping sales in China and the Sportage ranking high in Europe's SUV market. With little coverage within Europe and North America up until five years ago KIA have exemplified what good marketing, design and service can deliver.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam