Kia's Profits Jump Almost 70% in Q2

Kia is on Fire. On July 29, the South Korean automaker posted a 1.1-trillion Korean won (approximately 1-billion dollars) consolidated net profit for April, May and June.  Analysts had originally forecasts a profit of 913-billion Korean won.

It would have been impressive had Kia managed to meet that forecast. In seeing the automaker, triumph the aggressive projection by 187-billion Korean won (roughly 178-million dollars), our jaws at Butte's Mile High Kia fell agape.

Taking a localized view of Kia's outstanding performance here in the U.S., we can see the automaker's market share grew from 3.4 percent in Q1 2011to 4.3 percent in Q2 2011. Much of this growth is fueled by robust interest the Kia Optima and Kia Sportage SUV.

Seeing, consumers gravitate toward and stay with the Kia, the South Korean automaker actually raised their U.S. sales goal for 2011, in the U.S. In addition, the company has also revealed plans to start manufacturing the Kia Optima in the U.S. rather than import it from overseas.

2011 Kia Optima At a Glance

-    Awards: Top 5 Family Cars that Dads Love Too (AutoTrader.com), Red Dot Design Award - Best of the Best, Top Ten Best Buy (Auto A Fondo), 2011 Editor's Most Wanted (Edmunds' Inside Line), 5-Star Overall Crash Safety Rating (NHTSA)
-    Engine: 4-cylinder, DOHC
-    Horsepower: 274 hp @ 6,000 rpm
-    Torque: 269 ft.-lbs. @ 4,2500 rpm
-    Fuel Economy: 22 mpg city/34 mpg highway to 24 mpg city/34 mpg highway (depending on trim)
-    Trims Available: LX M/T, LX A/T, EX, EX Turbo, SX

To learn more about the Kia Optima, Kia Sportage or any other new Kia or used car available at Butte's Mile High Kia, contact us today. We're happy to share complete specs, compare models, and arrange test drives.

Categories: Finance, News, Kia, Butte

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