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Kia is holding imported cars on locked compounds, rather than sell or deliver them. (www.cbc.ca)
submitted 10 months ago* (last edited 10 months ago) by swordgeek@lemmy.ca to c/canada@lemmy.ca
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"New Kia cars are not being released to Ontario dealerships — and reportedly many more across the country — to sell. Instead, they’re being stored on this compound, 30 kilometres south of Kitchener, Ont. and allegedly on other similar compounds across Canada."

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[-] Magrath@lemmy.ca 7 points 10 months ago

How long can they do that? I mean they need a constant cash flow to pay for all their overhead. If they start making less cars that also sends a signal.

[-] pacmondo@sh.itjust.works 9 points 10 months ago

If they make enough profit per unit on the inflated pricing to pay their overhead they can

this post was submitted on 19 Dec 2023
70 points (100.0% liked)

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