SEOUL, Jan 28 (Reuters) – South Korean automaker Kia Corp said on Wednesday that price increases of raw materials such as platinum, palladium and rhodium are having a major impact on its costs. The automaker said it has not yet seen the impact from surging memory chip prices. (Reporting by Hyunjoo Jin and Heekyong Yang; […]
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South Korean automaker Kia says platinum price increases impacting its costs
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SEOUL, Jan 28 (Reuters) – South Korean automaker Kia Corp said on Wednesday that price increases of raw materials such as platinum, palladium and rhodium are having a major impact on its costs.
The automaker said it has not yet seen the impact from surging memory chip prices.
(Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Tom Hogue)