UkrAvto To Deal In Kia Cars

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Ukrainian Automobile Corporation (UkrAVTO) has signed a long-term contract with South Korea's Kia Motors for the distribution of latter's cars in the Ukraine. In January, UkrAvto said that it aims to buck the negative sales trend in the domestic market. BMI forecasts sales to drop by nearly 15% year-on-year (y-o-y) to 559,400 units in