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

 

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news