Hyundai and Kia bury pickup truck
Crumbling pickup truck sales and rising gas prices have led Hyundai and its affiliate Kia to abandon their plans to build pick-up trucks in the U.S. “Because of high oil prices, the light-truck market has been declining,’” Kim Dong Jin, Vice Chairman of the Hyundai said today. “We don’t think it’s the right time.”
As for Kia’s new Georgia plant where Hyundai and Kia carmakers considered building their pickup trucks, the company now says that it will be used to produce the Sorento SUV.
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