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January 03, 2003
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This Week:

• Michelin Challenge Design(TM) Brings World Debut of Matra P75 to Detroit

• Ford Introduces The Faction at the 2003 Los Angeles Auto Show

• Dodge Reveals New Shape of American Muscle with 2003 Dodge Magnum SRT-8 Sports Tourer Concept 

• The new Mercedes-Benz E-Class Estate - Dynamic, intelligent and captivating in every respect

• Subaru Introduces Second Version of Baja(TM) Crossover Vehicle

• GM's Global Manufacturing System - A System To Build Great Cars and Trucks

• Global Engine Alliance Announces Plans to Jointly Develop and Operate Production Facility in the U.S.

• Scion To Launch First Two Products - xA and xB - At The 2003 Greater Los Angeles Auto Show

• Mitsubishi Motors Opens 2003 as Consolidated North American Company

• Thierry Peugeot appointed Chairman of the Supervisory Board of Peugeot SA.

• Peter Butterfield Promoted to President and CEO at Kia Motors America

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Peter Butterfield Promoted to President and CEO at Kia Motors America
 

First American Executive at Kia to Take Top Spot IRVINE, Calif. - Peter M. Butterfield, who previously served as executive vice president and chief operating officer at Kia Motors America, Inc. (KMA), has been named president and chief executive officer, the first American executive promoted to the top position at the fast-growing U.S. subsidiary of Kia Motors Corporation (KMC). Jong Hoon (James) Lee, who has served as KMA's president and CEO, will assume a new position at the company as senior executive advisor.

Butterfield has invested more than 25 years of his professional career in the automotive industry, beginning in 1976 at Ford Motor Company where he tackled several assignments in parts, service and sales. Shortly after moving to Volvo in 1990, he became North American sales manager; then was promoted to vice president, first heading the Southern region, and then the Northeast region. In June 2000, Butterfield was promoted to executive vice president, car business, at Volvo North America where he led the company to record volume of more than 100,000 units and record profitability. He joined Kia in November 2001.

"This business presents challenges each and every day as car companies compete for the attention and loyalty of consumers," said Butterfield. "I'm more convinced than ever that Kia can meet those challenges and gain an increasing share of mind and market in the U.S. With the support of a great management team, dedicated employees, a focused retail network and a broader product line, 2003 promises to be a great year for Kia."

(Jan 2, 2003)