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4.72645633935527E-05 7.0896845090329E-05 7.0896845090329E-05 -0.000354484225452048 -0.00049627791563284 -0.000189058253574479 0.000992555831265412 -0.000330851943755137
Stock impact report

Kia plans to launch U.S. pickup truck by 2030 [MSNBC.com]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: MSNBC.com
In this articleKia TasmanCourtesy KiaKia plans to release a pickup truck for American consumers in the coming years, as the South Korean automaker plots continued growth domestically and globally. At least one hybrid variant is expected to be produced in the U.S., according toa presentationDetroit automakersGeneral MotorsFord MotorStellantisThat would position the vehicle against theindustry-leading Toyota Tacoma"Accounting for approximately 20% of total demand, the U.S. pickup market represents a key strategic segment. Given its strategic importance, Kia will launch a new Body-on-Frame pickup model to broaden our customer base," Kia CEO Ho Sung Song said, according to the presentation.Kia expects to sell 90,000 pickups a year in North America and claim 7% of the midsize pickup segment by 2034, according toAutomotive NewsKia last year entered the global pickup truck market with avehicle called TasmanKia did not immediately respond for request for comment about the sales targets or whe Show less Read more
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