Report: Kia Motors first-quarter profit quadruples
 

<p>Filed under: <a href="http://www.autoblog.com/category/carbuying/" rel="tag">Car Buying</a>, <a href="http://www.autoblog.com/category/kia/" rel="tag">Kia</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><div style="text-align: left;"><a href="http://www.google.com/hostednews/ap/article/ALeqM5ic0nmAxD072mvvK2ftN 9QmyNs-uQD9F8NDAG2"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.autoblog.com/media/2010/04/kia-flag-sign-250-getty.jpg" alt="" /></a>This whole recession thing has been good to <a href="http://www.autoblog.com/make/kia/">Kia</a>. Buyers have skidded away from high-riding luxury barges faster than cockroaches from a kitchen light and right into the loving arms of the Korean automaker's well-equipped, smartly priced, and newly competent products. As a result, the company has reportedly seen its net profits <em>quadruple</em> in the first three months of this year. Kia managed to rake in a total of $358 million dollars from January to March, compared to $88.2 million during the same period in 2009.</div>
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Much of the boost came from the fact that the company's global sales have exploded this year thanks in part to the new <a href="http://www.autoblog.com/model/sorento">Sorento</a>, <a href="http://www.autoblog.com/model/forte">Forte</a> and <a href="http://www.autoblog.com/model/forte+koup">Forte Koup</a>. Kia moved 474,635 vehicles during the first-quarter of 2010 - more than 65 percent more than during the first-quarter of 2009.<br />
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[Source: <a href="http://www.google.com/hostednews/ap/article/ALeqM5ic0nmAxD072mvvK2ftN 9QmyNs-uQD9F8NDAG2">Associated Press</a> | Image: Jung Yeon-Je/Getty]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/04/26/report-kia-motors-first-quarter-profit-quadruples/">Report: Kia Motors first-quarter profit quadruples</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Mon, 26 Apr 2010 14:28:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2010/04/26/report-kia-motors-first-quarter-profit-quadruples/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19454067/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/04/26/report-kia-motors-first-quarter-profit-quadruples/#comments" title="View reader comments on this entry">Comments</a>

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