USA: Kia plans to add more small cars

Bloomberg has reported that Kia Motors is planning to add more compact cars into its U.S. lineup, as gas prices have been steadily escalating in the recent months.

"We'll have more small cars. We have an advantage in small cars," Chung Eui-Sun, president of Kia Motors, stated at the grand opening ceremony of the automaker's new U.S. headquarters in Irvine, California. This move came as demand for sport-utility vehicles and trucks has seen plunges as of late.

[Source: Trading Markets]