Kia brand may disappear in 2011.

[night_raven]

Interesting article for all Kia car owners. Posted on June 15, 2010 on 24/7 Wall St.

Not sure though how credible is 24/7 Wall St.

Kia Motors Corporation is one of the two car brands of Hyundai of South Korea. It has always been a marginal brand. Its stable mate, Hyundai USA, has a reputation for high quality cars like the Sonata and Genesis. Kia sells “low rent” cars and SUV nameplates like the Sorento and Rio. As GM and Ford have already discovered, it is expensive to maintain multiple brands and storied car names, including Pontiac, Saturn, and Mercury, are disappearing. Most Kia cars sell for $14,000 to $25,000. Hyundai has several cars in the same price range (LINK). Hyundai’s Sonata has quickly become one of the best-selling cars in America, and its Genesis flagship model competes with mid-sized BMWs and Mercedes. The parent company will take a page from several other global car companies and dump its weakest brand.

One of ten brands that may disappear in 2011. Kia Motors Corporation was included.

Although the article says it's in the USA, Hyundai/ Kia is a global brand (correct me if I'm wrong) so this may or may not also happen here in the Philippines. We'll just have to wait and see come 2011.

This is the link to the original article.

http://247wallst.com/2010/06/15/247-...ear-in-2011/5/

[desert fox]

Pero last week nagpunta ako sa showroom ng KIA dito sa lugar ko bro, at me affair sila: Presenting New Kia Sportage 2011....

[night_raven]

*desert fox

I just read what it says in the article. It may or may not happen at all and also stated that I'm not sure how credible is 24/7 Wall St. so this has to be taken with a grain of salt.

Just posted it for added knowledge for Kia car owners already and would be owners.

[tachyon]

maybe they should just change the logo/emblem. the word Kia on the back and front isn't exactly appealing.

[grail80]

maybe they should just change the logo/emblem. the word Kia on the back and front isn't exactly appealing.

I doubt they would, Kia is one of the first automotive companies in South Korea. Pardon the pun, but they got a lot of Pride.

[desert fox]

*desert fox

I just read what it says in the article. It may or may not happen at all and also stated that I'm not sure how credible is 24/7 Wall St. so this has to be taken with a grain of salt.

Just posted it for added knowledge for Kia car owners already and would be owners.

ok bro...thanks for the info....

[imperialv]

and Kia is doing good in other countries.. So malabo yan ma phase out..

[grail80]

Kia actually is having a record year for sales worldwide and in the States. In Korea, where the Sonata has always been the frontrunner in class, the new K7/Optima outsold it for the first time. Kia just started rolling off vehicles from its brand new plant in Georgia, where both the Sorento and Hyundai Sta Fe are being assembled. These are not signs that the brand will disappear, these are signs that the brand is finally beginning to capture significant market share.

[desert fox]

and Kia is doing good in other countries.. So malabo yan ma phase out..

yap bro, kaliwat kanan na dito ang Carnival...

[niky]

This was already posted by LadyRider.

I'll repeat what I said in that thread.

Whoever wrote the article knows nothing about the automotive business.

Kia is a profitable concern. Their only R&D expense, really, is design and styling to seperate themselves from Hyundai.

Yet, globally, they outsell both Mitsubishi and Nissan... and sell almost as many cars as BMW.

And Hyundai doesn't have the power to close down Kia. After they rehabilitated it, they dropped their ownership stake to under 40%. They don't have a controlling share in the company, anymore.

[April Boy]

This was already posted by LadyRider.

I'll repeat what I said in that thread.

Whoever wrote the article knows nothing about the automotive business.

Kia is a profitable concern. Their only R&D expense, really, is design and styling to seperate themselves from Hyundai.

Yet, globally, they outsell both Mitsubishi and Nissan... and sell almost as many cars as BMW.

And Hyundai doesn't have the power to close down Kia. After they rehabilitated it, they dropped their ownership stake to under 40%. They don't have a controlling share in the company, anymore.

I thought hyundai has a controlling interest in Kia Motors.

[niky]

I thought hyundai has a controlling interest in Kia Motors.

They used to own Kia, but they sold off some shares. Their stake is around 35-37 percent. Not enough for them to force the dissolution of the brand.

And the Korean government is sure to oppose any move to kill Kia. They're the ones who forced Hyundai to buy it out in the first place... to avoid a repeat of the Ssangyong fiasco when Kia was facing financial trouble.

Now Kia is actually healthy... there's even less incentive to kill it off. It may be threatening Hyundai's market share in Korea, but the global market is more than big enough to hold the both of them.

[desert fox]

anak ng teteng, malapit na 2011.....

[locoroco777]

And the Korean government is sure to oppose any move to kill Kia. They're the ones who forced Hyundai to buy it out in the first place... to avoid a repeat of the Ssangyong fiasco when Kia was facing financial trouble.
.

is that the related issue with the sale of ssangyong to an indian company?

[tidus1203]

No matagal na yan, Asian Financial crisis era pa yang forced buyout of Kia by Hyundai...

[desert fox]

This was already posted by LadyRider.

I'll repeat what I said in that thread.

Whoever wrote the article knows nothing about the automotive business.

Kia is a profitable concern. Their only R&D expense, really, is design and styling to seperate themselves from Hyundai.

[SIZE=4]Yet, globally, they outsell both Mitsubishi and Nissan... and sell almost as many cars as BMW.[/SIZE]

And Hyundai doesn't have the power to close down Kia. After they rehabilitated it, they dropped their ownership stake to under 40%. They don't have a controlling share in the company, anymore.

Wow.

Thanks for the info broNiky

[edricdude]

hahaha ikaw bro desert fox hahaha!
kutis nila medyo ok ok lang.

sana magdatingan na dito yung sportage. tignan natin kung magaya niya yung pag ka addict ng pinoy sa tucson

[desert fox]

hahaha ikaw bro desert fox hahaha!
kutis nila medyo ok ok lang.

sana magdatingan na dito yung sportage. tignan natin kung magaya niya yung pag ka addict ng pinoy sa tucson

jk lang bro...maski dito last July pa lumabas ang Sportage, out of stock na(baka mas malaki demand sa ibang bansa), kaya yung immediate boss ko, sta fe na lang daw ang kukunin next month...sabagay mas malaki nga naman ang sta fe kasinglaki ng Sorento nyo.....