Reported about 23 hours ago
Kia's COO, Steve Center, stated that the company will not raise vehicle prices in response to President Trump's recent 25% tariffs on foreign auto imports, aiming to preserve market share. The automaker is assessing the potential impact of tariffs on auto parts, which complicate supply chains and could increase costs. Despite these challenges, Kia is focusing on increasing production in the U.S. to mitigate tariff impacts while showcasing new models like the EV4 and K4 at the 2025 New York Auto Show.
Source: YAHOO