When South Korean carmaker Kia Motors held a ceremonial groundbreaking in West Point, Ga., last October, Gov. Sonny Perdue called the planned $1.2 billion factory “the largest, single economic development announcement in the history of our state.”

But a perfect storm of problems could delay work on the plant, which is already behind schedule, analysts in Asia said.

A combination of weak sales, overcapacity in Asia and difficultly obtaining financing could lead Kia and its parent company Hyundai Motors to slow work on the factory, which is expected to make 300,000 vehicles annually at peak production, analysts in Seoul, Tokyo and Singapore said…

Continue reading Kia US car plant faces delay!