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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World S. Korean firms eye fresh gains at US auto show AFP - Monday, January 17 Send IM Story Print S. Korean firms eye fresh gains at US auto show DETROIT (AFP) - – South Korean automakers Hyundai and Kia made a strong showing at this year's Detroit auto show, turning heads with new models and vowing to build on last year's gains. Both Kia and Hyundai -- which share manufacturing and engineering facilities but sell their vehicles separately in the United States -- are looking for more growth this year after setting sales records in 2010, with Hyundai having finished the year with a 24-percent sales increase. "Today, customers do not believe that expensive cars with unnecessary technology are premium," Hyundai Vice Chairman Eui Sun Chung said in a speech at the conference. "Instead, they want their core needs fulfilled at an accessible price and with a car that exceeds their expectations," he added. Hyundai is considering building another US assembly plant to keep pace with rising demand, its US president and chief executive officer John Krafcik said in an interview with Automotive News, a trade publication. In the meantime Kia has scooped up a series of awards, with Cars.com voting its Optima the "Best of 2011." "The new Kia Optima enters the most competitive segment in the industry and tops it with a lot of value, good looks and a solid ride," said Cars.com Editor-in-Chief Patrick Olsen. Kia Motors America (KMA) was also ranked the "most improved" automotive brand in customer loyalty in 2010 by the R.L. Polk Company and was honored with one of three nominations for best concept vehicle in the "EyesOn Design" competition held in Detroit. "Kia Motors continues to build a brand that is attracting new consumers daily," said KMA Vice President of Sales Tom Loveless. He added that Kia's market share has increased for the 16th consecutive year, reaching an all-time high of 3.1 percent. The two companies together sold nearly 900,000 vehicles in the United States last year, placing just behind Nissan, which sold more than 908,000. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 23 minutes ago GSK faces Q4 profit wipe-out after $3.4 billion charge Reuters - 23 minutes ago FOREX-Euro lower as rescue fund uncertainty drags Reuters - 29 minutes ago Apple's Steve Jobs takes medical leave Reuters - 41 minutes ago Saudi's Kingdom Holding Q4 net rises 51 pct Reuters - 46 minutes ago News Search Top Stories Ban Ki-moon urges clean energy revolution Apple's Steve Jobs taking new medical leave Tunisia in turmoil amid power vacuum Europe divided over expanding euro crisis fund 'The Social Network' triumphs at Golden Globes More Top Stories » ADVERTISEMENT Most Popular Most Viewed Smoking causes gene damage in minutes World is 'one poor harvest' from chaos, new book warns Oil price over $100 'not unrealistic': Iran United back on top of Premier League after Spurs draw British actress Susannah York dies aged 72: report More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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