Kia plans to replace its slow-selling Amanti sedan this year--close
on the heels of the similarly sized, redesigned Optima sedan now being
rolled out. But the exact timing of the launch is undecided.
The
Amanti replacement, tentatively called the Cadenza, had been expected in
April. Kia officials now say only that that car will be launched in the
first half of 2011.
Bringing out the two sedans in rapid
succession could create a problem, although U.S. executives say the
vehicles are aimed at different customers.
The base Optima LX and
midgrade Optima EX sedans have begun arriving at dealerships, and the
Optima Hybrid will debut in the first quarter as the first hybrid in
Kia's lineup.
The Cadenza, already on sale in South Korea as the K-7, is longer and
wider than the Amanti and is expected to be powered by a 3.5-liter V6
engine. The Amanti name will disappear.
Potentially, the Optima
and Cadenza "could have some overlap," Orth Hedrick, director of product
planning for Kia Motors America, said here at the Optima Turbo launch.
"But in our mind, they're aimed at two different buyers."
Hedrick
said the Optima is targeted at mainstream buyers of mid-sized sedans,
while the Cadenza will go after a different group. He declined to
specify the company's plans for the Cadenza, but its look and dimensions
would place it in a category similar to the Toyota Avalon and Buick
LaCrosse.
At 196 inches, the Cadenza is less than five inches
longer than the Optima. It sits on a 112-inch wheelbase, compared with
the Optima's 110 inches.
Meanwhile, Kia is also scheduled to
launch a redesigned Rio subcompact next fall and give its Soul small
crossover a slight freshening next summer.
"This is absolutely
the fastest product cadence that I've personally been involved with, and
it just keeps coming," said Hedrick, formerly a product planner at
Nissan North America and Toyota Motor Sales U.S.A.
Kia, which has
launched six new or redesigned products since early 2009, has increased
its market share for three straight years. It also recently spent about
$1 billion on a plant in West Point, Ga., where it is hiring 1,000
employees.
So company executives say they were perplexed when the
financial blog Wall Street 24/7 recently named Kia as one of 12 brands
that will disappear in 2011, along with the likes of Blockbuster,
Merrill Lynch and Moody's.
The blog argued that Kia sells "low
rent" vehicles. Michael Sprague, vice president of marketing for Kia
Motors America, called the notion "ridiculous."
Said Sprague: "Most logical people look at these kinds of lists and ignore them."
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