international news Agency, Reuters, the other day carried a Sensational New Item claiming that Kia Motors is planning to pull out of andhra pradesh and relocate to tamil Nadu. The story was later carried by American Stock Exchange Website, NASDAQ and all other international and nationally reputed business and media houses.
The news spread like a wildfire as it said the south Korean Automobile Giant has come to the decision due to the change in policy stances by andhra pradesh government after congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress came to power. They were quick to condemn the news and later the representatives of Kia Motors also clarified that there is nothing of such sort happening.
A top official of Kia told that manufacturing would continue in Penukonda. “We have invested more than Rs 13,000 crore in the Penukonda facility and have been producing cars within two years of setting up the unit. Where is the need to shift an established unit from AP?” The official went on to say that the news was intentionally planted in media with some malicious intent. congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress suspects that this is the work of TDP.
