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Last Updated: Friday, 26 October 2007, 11:16 GMT 12:16 UK
Strike fall-out widens Kia losses
Kia Sorento vehicles
Kia is 39%-owned by Hyundai
Losses at South Korean carmaker Kia have increased after a series of strikes hit production at the firm.

The firm made a net loss of 55.1bn Won ($60.2m; 29.3m) in the three months to the end of September, against a 49.3bn Won loss a year earlier.

The performance was also hit by a 6.7% fall in sales, the firm said.

A pay dispute led workers at Kia to hold a series of strikes in June and July, which led to disruption over several days.

There was further unrest later in the quarter after contractors employed by the carmaker also stopped production in a wage dispute.

The Won's rise against the US dollar - making its exports more expensive - also affected the results, Kia said.

SEE ALSO
Further Kia losses on higher won
04 May 07 |  Business
Domestic sales drive Kia profit
27 Jul 07 |  Business
Korean cars rev up for Europe
09 Feb 07 |  Business
Strong won hits Kia Motors profit
26 Jan 07 |  Business
Kia president avoids indictment
09 Jun 06 |  Business
Kia Motors to open first US plant
13 Mar 06 |  Business

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