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Kia Motors mulls halting Chinese plant operations

Kia Motors Corp. may stop operations at its primary Chinese plant due to weak car sales, Yonhap News Agency reported March 10.

The South Korean carmaker is reportedly reviewing operations at its Yancheng plant in China's eastern Jiangsu province to "secure production efficiency and profitability."

Kia did not immediately respond to a request for comment from S&P Global Market Intelligence.

The report follows an earlier announcement by affiliate Hyundai Motor Co. that it might temporarily suspend production at its Plant 1 in Beijing as early as April because of a low utilization rate.