Kia dealers unite to seek compensation for losses

Working group claims joint venture's policies, prices were misleading, if not illegal

Kia's Chinese dealers joined hands in seeking compensation after suffering losses and overstock, arguing that the automaker's business strategies over the past two years were unfair and unreasonable.

More than 100 dealers of Dongfeng Yueda Kia Motor formed a working group last week to claim 2,000 yuan ($290) for each Kia-branded car sold in 2016 as compensation for overstock caused by the forced buying-in of unpopular models.