January 26, 2017 / 1:20 AM / 2 years ago

Kia Motors to launch small SUV in S.Korea this year

SEOUL, Jan 26 (Reuters) - Kia Motors said on Thursday that it plans to launch a small sport utility vehicle in South Korea this year, in a bid to enter the booming segment.

Kia, an affiliate of Hyundai Motor, said in an earnings presentation that the model would be a “crossover utility vehicle (CUV)” based on its Pride (Rio) sedan, without elaborating further.

Kia Motors currently sells a small SUV called Niro, but it is a gasoline-electric hybrid model.

Kia Motors also said it planned to introduce a small SUV in Europe this year, without elaborating. (Reporting by Hyunjoo Jin; Editing by Stephen Coates)

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