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Kia Motors investment seen as signal of stability

1:17 AM, Nov 30, 2012   |    comments
Kia's West Point assembly plant
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WEST POINT, Ga. (AP) -- Local officials say Kia Motors' investment of $1.6 billion in new equipment and upgrades at its auto assembly plant give it greater stability and signal its long-term future in the west Georgia city.

Company executives and government officials this week announced plans to invest $1.6 billion on new machinery, tools, equipment and other production-enhancing technology over the next 16 years to meet demand for vehicles in the U.S.

West Point Mayor Drew Ferguson said the investment gives the company the ability to grow its supplier network in the region. Ferguson said that's "vitally important" and will lead to more job creation.

Associated Press

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