Kia's $1 Billion Mexico Plant Stalls as `Brazen One' Spurns Pact
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Kia Motors assembly plant in Pesqueria, Mexico.
Photographer: Susana Gonzalez/BloombergThis article is for subscribers only.
For Kia Motors Corp. Mexico’s historic car boom isn’t working out as planned.
A dispute with a recently elected state leader may prevent the start of production next month at a northern Mexico car factory representing more than $1 billion in investment, Kia said Tuesday. The plant is in the cross hairs of Nuevo Leon Governor Jaime Rodriguez, a former rancher who threw out the ruling party in a landslide last year and says he opposes the deal Kia signed with his predecessor.