Kia is studying plant in Brazil after getting rid of process

SÃO PAULO-Kia Motors Corporation won a court battle to prove his innocence in a collection of Government and can carry out the idea to build a factory in Brazil. A judgment of the Supreme Court (STF) out of any debt burden by KMC r $ 1.5 billion that the extinct Asia Motors of Brazil left with the Federal Government.
With this, the matrix in Korea and the President of Kia Motors of Brazil, Jose Luiz Gandini, they're already talking about putting up a factory in Brazil. In an interview with Jornal do Carro, Gandini said that, first of all, the decision taken by the Minister of the STF, Carmen Lucia, it was expected, since the brand proved he had any connection with AMB.
The Executive was recently in Korea to talk with the array and say about the need to install a Kia factory in Brazil, for which the brand is competitive within the new rules of the Innovate-Auto, benefiting those who produce in the country with a smaller IPC.
?The imbroglio of Asia prevented any conversation about factory in Brazil, since the investment is high so it could be placed at risk? said Gandini. He stated that he is willing to invest in a plant with initial capacity of 20 thousand units per year to produce the Sportage and, if the result is positive, increase the space to produce the Cerato.
Asked about the arrival of a?Kia HB20?, he said he believed that the fight of scythes is not valid. ?The compact market is a very big fight for market leadership. I believe that making a compact premium as the River, would be a gamble to do.? He gave no timeframe and location for installation at the factory.
Trademark-related sources say that Koreans wish to assemble a car delivery charges equivalent to Hyundai HB20 to compete in the compact segment. For that they would build a plant with a capacity between 150 thousand and 200 thousand units per year, similar size to the Hyundai, which even reached its maximum capacity and started the third shift of production.
His lawyer Fabiano Rama, who works for the firm that represents Kia in Brazil, reiterated that the company has any interest in Brazilian market?, by size and for being an important market?.
On investment, it said the KMC needs legal security to think about investments, what goes through the Government's acceptance of the decision of the Supreme Court. ?We are also victims in this case, since we charge a debt of $ 475 million in current values, which is retroactive to cars that at the time the Asia Motors Corporation sent the Asia Motors of Brazil and not received by them?, said.
Shell
For more than 15 years Kia Motors Corporation tries to defend itself in the case of Asia Motors of Brazil, that mattered the vans Towner and Topic in the years 90 and that promise a factory on domestic soil, managed government incentives. As the factory never left the paper, the Government charges the company debt of almost $ 1.5 billion. Asia Motors was charging the Brazilian importer to pay rent at $ 475 million.
In 1997, the Asia Motors of Brazil (AMB) offered a joint venture for the Asia Motors Corporation (AMC), in which she would take 51% of Brazilian company and would receive the remaining amount. But the proposal never coalesced. The International Arbitration Court proved that the AMC has never been effectively controlling of AMB. In 1999, with the economic crisis in Asia, the Asian company incorporated Kia to your brand and began a battle in Brazilian and international justice to unlink your process name started in Brazil by the federal Government. The information is from the newspaper O Estado de s. Paulo.