Hyundai Motor Co. and affiliate Kia Motors Corp. are certainly on a roll after overtaking Toyota as the biggest Asian carmaker in Europe and have no plans of stopping any time soon. According to a report citing Slovak news agency TASR, Kia wants to begin production of a new model at its European plant in 2012.
�We launched two new models this year and we want to launch a new model in 2012�, In-Kyu Bae, head of Kia Motors Slovakia told reporters, after a meeting with Prime Minister Iveta Radicova.
Located near Zilina, in the northern part of Slovakia, Kia�s factory has an annual capacity of 300,000 units and builds two SUVs (Kia Sportage/Hyundai ix35) and the Kia Cee�d compact.
The highest demand is for the Sport Utility Vehicles, therefore the Korean maker announced that the plant�s maximum capacity is expected to increase next year.
In the first eleven months of 2010, 207,000 vehicles left the plant's assembly lines, representing a 50% increase compared to the same period last year, while this year�s total output is estimated to reach around 228,000 units.
By Csaba Daradics
Source: Reuters via Yahoo
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