Friday, May 4, 2007

Kia posts loss

Kia Motors posts 3rd quarterly loss (AP)

Unsold 2007 Rio sedans sit on the back lot of a Kia dealership in the west Denver suburb of Lakewood, Colo., on Tuesday, April 17, 2007. Kia Motors America said Tuesday, May 1, 2007 its U.S. auto sales fell 6.5 percent in April on weaker demand for its Spectra compact sedan and other models. (AP Photo/David Zalubowski)AP - Kia Motors Corp. posted its third straight quarterly loss Friday, hit by a stronger South Korean currency, production losses from a line retooling and marketing costs.

(Yahoo! News: Earnings News)


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