Kia suffers production loss of 64,000 vehicles in Q3
Oct 27, 2016
[THE INVESTOR] Kia Motors, South Korea’s second largest automaker, on Oct. 27 said it suffered a production loss of 64,000 vehicles in the July-September quarter, mainly due to a series of labor strikes at domestic plants. “We weren’t able to continue our earnings momentum in the third quarter,” Han Chun-soo, Kia’s chief financial officer, said at a conference call after the company’s third-quarter earnings report. “The strike led to production loss of about 64,000 units in the period.”The compa