KIMTF News and Press, Kia Motors Corp Ord From 01/08/21

During the infamous year 2020, with all its distortions and shifts, automakers delivered 14.46 million new vehicles in the US, retail and fleet combined, down 15.4% from 2019, the largest year-over-year percentage decline since 2008 (-18%). General Motors, the largest automaker in US ...

Blackstone Vice Chairman Byron Wien published his annual list of top 10 surprises for the year. Wien defines a “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which he believes is “probable,” hav...

Global electric car sales records for November 2020 up 133% YoY reaching 5.9% share. Europe sales up 198% YoY reaching 16% share, China sales rose 138% YoY reaching 8.6% share. EV market news - Goldman Sachs believes EV adoption is accelerating. Apple reportedly plans to launch an ele...

Market research firm, J.D. Power indicated that against the broader auto industry's drop of 12% through November, Hyundai Motor (HYMTF) selling brands under two separate companies (Hyundai Motor and its affiliate Kia Motors (KIMTF)) expanded its U.S. market share and held steady retail s...

TrueCar ([[TRUE]] +2.7%) forecasts that total vehicle retail sales for Q4 will rise 0.6% vs. 2019 when adjusted for the same number of selling days and will jump 34.2% from Q3, also on an adjusted basis.The projections underscore the rebound the industry has experienced since the pandemic der...

Commercial vehicle registrations in the European Union slightly improved by 0.1% to 167,315 units in November, followed by 1.2% decline in October.The major EU markets posted mixed results in November, with registrations contracting in Spain -7.0% and France -3.1% while Italian +11.7%and...

A bullish article on SA last week placed a value of $2.1 billion on Tesla's accumulated balance of California ZEV credits. In fact, there has been only a limited market for ZEV credits in the last two years as other manufacturers have introduced their own electric vehicles. Tesla'...

The Korean automaker Kia Motors (KIMTF) is recalling 294,756 vehicles in the U.S. for a problem that could lead to engine-compartment fires. The recall covers certain 2012 and 2013 Sorento SUVs, 2012 through 2015 Forte and Forte Koup cars, 2011 through 2013 Optima Hybrid cars, 2014 ...

Global electric car sales for Oct. 2020, up 127% YoY (fastest growth in 8yrs) at 4.9% share. Europe sales up 195% YoY reaching 13% share, China sales rose 120% YoY. EV market news - Biden's pro-EV sector policies. UK bans sales of new gas & diesel cars from 2030. USA Zero Emission...

Kia Motors America (KIMTF) units sales down 5.2% Y/Y to 47,897.YTD Kia sales dropped 5.6% to 532,341 units.November also saw an uptick in midsize sedan sales performance, with the all-new K5 posting an 8.1% Y/Y increase in a segment that experienced an 11% decrease in sales Y/Y...