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 SEOUL, South Korea (AP) - Kia Motors Corp. posted its third straight quarterly loss Friday, hit by a stronger South Korean currency, production losses from a line retooling and marketing costs.
Kia Motors, South Korea's second-largest automaker, lost 30.6 billion won ($33 million) in the three months ended March 31, the company said in a statement. Kia posted net profit of 38.4 billion won a year earlier.
Sales during the quarter at Kia, an affiliate of Hyundai Motor Co., fell 12 percent to 3.85 trillion won ($4.2 billion).
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