6:17 am October 23, 2009, by Henry Unger
With all the distressing economic news out there, I thought I’d highlight a positive one today.
Kia Motors, which is scheduled to begin production next month in West Point, posted a $339 million quarterly profit — it’s highest ever, the Associated Press reported.
As you know, many automakers have been bathing in red ink lately.
Kia said its global auto sales jumped in the third quarter, rising 30 percent from last year to 279,969 vehicles, AP reported.
For the first nine months of the year, the South Korean automaker said net profit surged, revenue rose 12 percent and auto sales increased 6.8 percent.
The plant in West Point will start off producing the Sorento crossover utility vehicle with 1,200 employees working one shift. If sales go well, execs are hoping to add another shift next year.
Has Georgia landed a winner?
For instant updates, follow me on Twitter.
Get inside Atlanta's and national business news and how it affects you.
Vacation stops, manage subscriptions and more