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While other automakers are closing plants in the U.S., Kia, which is controlled by South Korea's Hyundai Automotive Group, is preparing to open a brand-new assembly plant in West Point, Ga., southwest of Atlanta. The $1.2 billion, 2.2 million-sq.-ft. plant will begin producing Kia vehicles for the retail market next month. Up until now, Kia had imported 100% of its vehicles. (See the 50 worst cars of all time...
...South Korean automakers are coming on strong. Kia is about to up its market share for the 15th consecutive year, and the combined sales of Hyundai and Kia increased 26% in September even as industry sales overall softened after the cash-for-clunkers program ended. They also are two of three brands reporting a sales increase through the first three quarters of 2009 - Hyundai's sales are up 1.3% while Kia's have increased 4.6%. The South Koreans have gained more market share than any other automaker this year, and their combined market share is now closing in on that...
...Although Selebi's trial signifies a step forward in prosecuting allegations of corruption in South Africa, few expect it will do much to clean up the country's politics. With the prosecutor's dropping the corruption case against Zuma weeks before he was elected, the allegations against him remain unresolved. And while Zuma has taken pains to include a broad spectrum of leaders from different parties and factions within the ANC in his Cabinet, his appointment earlier this month of Mo Shaik to head South Africa's intelligence service raised a few eyebrows. Shaik's brother Schabir Shaik was convicted...
...Read "Zuma's First Moves as South African President...
...pictures of South Africa preparing for soccer's World...