Kia to scale back plans

Automotive news....

WEST POINT, Ga. -- KIA Motors Corp. has scaled back its U.S. sales expectations and as a result will use its U.S. plant as an export base for markets in Latin America.KIA had targeted U.S. sales of 800,000 vehicles a year in 2010, but now expects sales of about 650,000 in 2010, Chung Eui Sun, Kia CEO, said here today at the plant's groundbreaking.Chung and his father, Hyundai-Kia Group Chairman Chung Mong Koo, lifted shovels of sand to break ground on Kia's first U.S. plant here today. The younger Chung said it has not been determined how many of the plant's 300,000 vehicles a year would be shipped out of the United States.

Kia is just more competition in an overcrowded north American Auto market, this just make it's harder for all the players to make money in the car business.

But then again this is the way it's supposed to to be here, it's a shame the cable , cell phone and oil industries don't have this kind of competition.

J.