Kia Motor Company (KSE: 000270), a South Korea-based automaker, is planning to develop a performance version of its Rio model.
The vehicle is to compete with the Ford Fiesta ST, but it will not be equipped with the 1.6-litre 200bhp engine that is destined for the Ceed.
Kia’s vice-president for marketing and product planning, Benny Oeyen, said, ‘I think a Rio in a hot version would be very cool.’
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