industry news
More boring industry news from Korea — read it if you're interested, move on if you're not. We'd been told a while back by
Automotive News and our friends at
PickupTrucks.com to expect a pickup truck from the folks at Hyundai or their brand-brothers at Kia. Despite statements from Byung Mo Ahn, the new chairman and group CEO of KMA and Kia Motors Manufacturing Georgia that a pickup was to be built in the Georgia plant, we were told today here in Seoul by Dr. Dong-Jin Kim, Vice-Chairman and CEO of Hyundai that
"we have interest in the pickup truck market and light truck market, but because of oil prices the market is declining. We don't think right now is the right time to introduce one to the market. We investigated when we built the Kia Georgia plant...but in this environment we were forced to give up thoughts of the truck...neither Hyundai nor Kia will produce one...for the U.S."
Well, that pretty much settles that. Now what will Hyundai and Kia do with all that excess capacity in the Georgia plant? Well, Dr. Kim has an answer for that too.
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