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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news