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Kia Motors Corp, South Korea's oldest automaker, was founded in 1944 as Kyungsung Precision Industry, which made bicycle parts by hand. Today it is one of the most recognisable car makers in the world.
It will be no easy task for the Hyundai Automotive Group, which owns Kia Motors Corp, to achieve its plan of becoming the world's top five automaker by 2010. Elaine Ang reports from Seoul.
Hyundai Motor Co., South Korea's largest automaker, said Tuesday its third-quarter sales dropped 19.1 percent to 5 trillion won (US$4.3 billion), suffering from weak domestic sales and a seven-week strike that disrupted operations until early August.