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Top related persons:
— - 1 Steve Kosowski - 1 Kia - 1 Kosowski - 1 Kia Niro - 1 ROBIN TRAJANO - 1 BEV - 1 ZEV - 1
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Service - 1 Business - 1 Long - 1 Kia Motors America - 1 EV - 1 Kia - 1 ICE - 1

Search resuls for: "Kia Motors America"


3 mentions found


☆ Kia says hybrids aren't a threat to EVs but are the perfect gateway to electrification
  + stars: | 2024-06-11 | by ( Benjamin Zhang | ) www.businessinsider.com   time to read: +5 min
While EV sales fell in the first quarter of 2024 by more than 15% compared to the previous three months — their first drop since 2020 — hybrid sales are booming. But Kia sees hybrids as an opportunity to get potential BEV buyers in the door. AdvertisementBut if you look at the largest and arguably most important segment these days, compact SUVs, hybrids account for nearly one-fifth of sales, Kosowski said. AdvertisementFor Kia, building hybrids instead of EVs affects its bottom line beyond the revenue it generates. EVs cost substantially more to build than ICE and hybrid vehicles.
Persons: —, Steve Kosowski, Kia, Kosowski, Kia Niro, ROBIN TRAJANO, BEV, ZEV Organizations: Service, Business, Long, Kia Motors America, EV, Kia, ICE Locations: PWC
☆ Hyundai and Kia agree to $200 million legal settlement over theft issues
  + stars: | 2023-05-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +4 min
New York CNN —Korean automakers Kia and Hyundai have agreed to an estimated $200 million class action legal settlement over claims that many of the companies’ cars and SUVs are much too easy to steal. The settlement, which could cover up to nine million vehicle owners, provides a total of up to $145 million that will be distributed to owners whose vehicles have been stolen to help cover their out-of-pocket losses. Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group owns a large stake in Kia, and various Hyundai and Kia models share much of their engineering. Hyundai dealers will also affix window stickers stating that the vehicle has anti-theft software installed. As part of the agreement, installation of the anti-theft software will now be done automatically along with any dealer service appointment without the owner having to specifically request it.
☆ Kia, once the ‘value’ brand, now has the biggest price markups
  + stars: | 2022-09-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +6 min
CNN Business —Reversing a century of tradition, most cars now sell for over the manufacturer’s sticker price. It isn’t some luxury or performance brand; it’s Kia, the South Korean car brand usually thought of as a value purchase. On average, Kia cars and SUVs are selling for about 6% over their sticker price, according to data from Edmunds.com. Roughly tied for second, at 4% above sticker price on average, are Honda, Hyundai and the luxury SUV brand Land Rover. Kia Motors AmericaAdding to the pressure is that, while manufacturing slowdowns have hit the whole industry, Kia models are especially hard to find.
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