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South Korea's Kia to invest $1 billion in Mexico

Mexico's President Enrique Pena Nieto, center, talks with KIA Vice Chairman and CEO Hyoung-Keun Lee, left, and the Gov. of Nuevo Leon, Rodrigo Medina, right, during an announcement regarding a new KIA Auto assembly plant to be set up in Mexico, Wednesday, Aug. 27, 2014. KIA announced the construction of a new auto plant in the northern state of Nuevo Leon which is slated to start operating in 2016. (AP Photo/Eduardo Verdugo)


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