Kia to produce vehicles in Nuevo Leon

Chung Jin-haeng, CEO of Hyundai, confirmed the plans for producing Kia vehicles in Nuevo Leon and said that Hyundai Motor (who does not have a Factory in Mexico), will also assemble cars of this brand in the same plant, as was planned. “However, we are currently assessing the prospected 400.000 vehicle annual capacity to be subject to changes”, posted Reuters. Chung explained, besides, that the Group is considering to build a new Factory in the U.S., to assemble high-class vehicles.