Sources told Reuters that the South Korean automaker Kia Motors plans to soon start construction of a plant in México. The plant, which will be built in Monterrey, is said to have a capacity of 300,000 vehicles. It will initially produce two small cars, one of the sources told Reuters. It will be first plant in México for the automaker.
The new plant could help Kia meet demand in the United States, where the only plant in the country is operating at maximum capacity.
Asked about a new factory in México, a company spokesman told Reuters that Kia is considering several options foraddressing capacity constraints in the United States, but has not yet made ??a decision.
Approximately two years, Chung Mong-koo, the Chairman of Hyundai Motor and its affiliate Kia unofficially stopped expanding its capacity. It was said that the South Korean group was worried that it could face the kind of quality problems that was affecting its Japanese rival Toyota Motor Corp when it grew too aggressively in the 2000s.
(from El Economista)
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