Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kia Accelerates New Model Roll-outs


Kia Accelerates New Model Roll-outs

Kia is set to accelerate the pace of new model introductions by launching 51 all-new or updated models internationally over the next five years.

The new model roll-out began this month with the New Zealand launch of the new Kia Sorento R, which comes with an all-new chassis, suspension, revised styling and greater specification levels, yet with prices up to $500 lower than the previous model.

At least five brand new Kia models are planned for 2013, along with refreshes to existing models, with several earmarked for release in New Zealand.
Todd McDonald, General Manager of Kia Motors New Zealand, says the pace of new models coming in the next five years is “breathtaking”.

He adds: “The health of any car company is often measured by its ability to create exciting new models that resonate with buyers and Kia has been among the leaders in this respect over recent years, but the latest launch strategy takes the company into a different league”.

“I am continually impressed at Kia’s capacity to re-invigorate so many models in its line-up in such a short time. It’s a real tribute to the innovation, energy and the significant investment made by Kia into its R&D programmes and advanced manufacturing systems at its factories around the world.”
Mr McDonald says the past year has probably seemed slow by Kia’s standards, with only one new model launched in New Zealand and a handful of others internationally and in its domestic market. But that was just the calm before the new product storm.

Among new vehicles in the pipeline are an all-new mid-size sedan, new compact people mover, new crossover vehicle and new three-door sports model. Kia is also looking to introduce its first all-electric car for export markets as part of its environmental initiatives.

Kia is increasing its R&D budget in 2013 to US$2.52billion to support its new model programme, with the development of improved technologies and greater efficiencies. At around 6% of sales revenue, Kia’s R&D spend ratio is among the highest of any car manufacturer in the world.

That investment is one of the keys to the strong growth achieved by Kia Motors in markets around the world, even during tough economic times.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: