Kia Motors Slovakia starts serial production of new ceed model.

By bne IntelliNews February 18, 2013
The Slovak car assembling plant of South Korea's car maker Kia Motors has officially launched serial production of a new three-door version of the cee'd small family car, TASR news agency reported. According to Kia Motors Slovakia CEO Eek-Hee Lee, the new car model will support the company's goal of reaching its full-year output target of 290,000 vehicles for 2013. The plant near Zilina, in northern Slovakia, produced a record high of 292,000 cars last year, up 15% y/y. Since 2007, it has produced more than 76,000 cars of the cee'd model, which is targeted at European customers. Kia Slovakia produces also the Kia Sportage SUV (sport utility vehicle) and Kia Venga mini car designed for markets in Europe and Russia. Kia, together with Germany's Volkswagen and France's PSA Peugeot Citroen, is among the key drivers of Slovakia's economy, which is powered mainly by exports of cars.

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