Kia Motors Corp. will announce plans Wednesday to construct an assembly plant in Mexico, its first in the country, according to two sources with knowledge of the matter.
A senior automotive industry source in Mexico City told Automotive News that Kia will unveil plans to build an assembly plant in the Monterrey area of northern Mexico at a news conference hosted by Mexico President Enrique Peña Nieto on Wednesday morning.
The announcement will be made at the offices of Mexico's economy ministry, the person said.
Another source briefed on the plans said the plant is scheduled to begin . . .
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