NEW ORLEANS -- Kia Motors of America Inc. plans to have its own finance arm operating nationwide by June.
Kia Motors Finance will be a private label offshoot of Hyundai Motor Finance Co., reported Automotive News. The finance arm will mostly handle prime customers with A- or B-level credit. Lower-level credit customers will be handled by AmeriCredit Corp., a large subprime lender, said Peter Butterfield, president of Kia Motors of America Inc.











