Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Kia latest to announce exchange rate-related price rise
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Kia latest to announce exchange rate-related price rise

Date: 30 March 2009

Korean brand Kia has announced a price rise of around 3% across the majority of is range from 1 April.

The recently launched Soul and Magentis models are the only ones exempted, with the company blaming the Pound's weakness on international currency exchange for the rise.

"We have held off on an increase for as long as possible and did not make any pricing changes during the first quarter," said Kia UK boss Paul Philpott.

"This has come purely as a response to the weakness of the Pound and the strength of the Euro and Dollar, which have impacted on Kia Motors UK and the whole industry in recent months."