• Apr 29, 2011
Automaker earnings have been mostly impressive so far, and Kia is no different. Reuters reports that the Korean automaker has posted earnings of $890 million for the first quarter of 2011, up 91 percent compared to the $466 million profit from Q1 2010. Overall revenue for the quarter was $10 billion, up 37 percent year over year. Kia's healthy earnings come as sales rose 30 percent to 619,089 units. The automaker fared especially well in South Korea, China and the United States, where new models like the Optima and Sportage have really taken off.

Kia's profit surge comes one day after Hyundai announced earnings of $1.7 billion. Hyundai shares are up 44 percent on the year, while Kia shares are up 16 percent.

[Source: Reuters | Image: Drew Phillips/AOL]


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    • 1 Second Ago
  • 17 Comments
      drcmelr
      • 3 Years Ago
      You can't argue that Kia has had run-away hit after run-away hit. The reviews and accolades that the Optima has received are very nice to see. I think it's amazing that people that wouldn't even look Kia's way 3 years ago are going ga-ga over their cars now. I'd love to see a statistic on what percentage of buyers are previous Honda or Toyota buyers. I better not say that too loud or the Honda and Toyota cheerleaders will come and (verbally) beat me up.
        Arli
        • 3 Years Ago
        @drcmelr
        Whenever I looked at a Kia, i always wanted to spit on it. It was the best example at what a car shouldn't be. Now, it's the opposite. They've done a complete 180. Good for them, they deserve this.
      • 3 Years Ago
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      jonnybimmer
      • 3 Years Ago
      A 91% increase in earnings? Dang. Well, they certainly deserve it. Bravo
      Jephrey Avalon
      • 3 Years Ago
      Wow, who would have though 3, maybe 4 years ago that Hyundai, let alone KIA! Would be leaders in the industry, I'm proud of Kia especially.
      • 3 Years Ago
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      Georg
      • 3 Years Ago
      so VAG is still growing faster than Hynundai and KIA together... KIA and Hyundai is grown 26,800 cars to a total of 1,541,089 cars sold 1.Q 2011 VAG is grown 28,000cars to a total of 2,000,000cars sold 1.Q 2011 Go VAG...
        SheldonRoss
        • 3 Years Ago
        @Georg
        Math fail, assuming all your numbers are correct ( a big assumption). 26,800/(1541089-26800) = 1.8% sales increase 28000/(2000000-28000) = 1.4% sales increase Put another way, 26800 is a higher percentage of kia's sales than 28000 is of VAGs, KIA is expanding FASTER.
          Georg
          • 3 Years Ago
          @SheldonRoss
          to your sill calculation a company that grows from 100 to 110 cars is growing faster than a comapyn that grows from 1.72million to 2.0million
          Georg
          • 3 Years Ago
          @SheldonRoss
          I am not talking about % I talk about real numbers 28,000>26,800 ...you fail...
      Jac Zobel de Ayala
      • 3 Years Ago
      So Hyundai-Kia moved 1.5 million? That's more than Ford's 1.4 mil. Nice.
        Sportbike
        • 3 Years Ago
        @Jac Zobel de Ayala
        I just noticed. The KIA logo is a rip off of the Ford logo, while the Hyundai is a ripoff of the Honda logo.
          • 3 Years Ago
          @Sportbike
          [blocked]
          Nuhu bappa
          • 3 Years Ago
          @Sportbike
          please save us some bullshit!!
      • 3 Years Ago
      [blocked]
        • 3 Years Ago
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