Kia announced on Friday that a power failure disrupted production at its local plant which could result in a production loss of at least 1,000 vehicles. "Production at our Sohari plant in Gyeonggi Province was suspended because of a power outage. Day-shift staff couldn't produce any vehicles and that will be the case for night-shift staff as well," said Kang Hyun-geun, a company spokesman.
Daily output at the plant is about 1,000 vehicles. The value of possible losses is not available yet, the spokesman said. The company said it expects to resolve the power outage problem within the day and will make a public disclosure once production resumes. The Sohari plant produces Kia's compact car Pride (Rio) and the Carnival (Sedona) minivan.
[Source: Trading Markets]
