Kia Motors Corp. said today that Jeong Sung Eun resigned as vice chairman of the South Korean carmaker to take responsibility for the recent recalls of four models. President Lee Hyoung Keun will replace him. Jeong stepped down Sept. 3 after Kia issued a series of recalls worldwide, Michael Choo, a company spokesman, said by phone. Lee was appointed vice chairman, Kia said in a separate statement today.
The resignation highlights increased sensitivity among automakers to quality problems after Toyota Motor Corp., the world’s largest carmaker, recalled more than 8 million vehicles in the past year for problems related to unintended acceleration. Kia’s action was swift and appropriate, said Chae Hee Guen, a Seoul-based analyst at Meritz Securities Co.
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