Governor of Mexican state wants to renegotiate a tax incentives deal with Kia
{{#rendered}} {{/rendered}}OAKLAND, CA - DECEMBER 20: A row of 2005 KIA Spectras are seen on display at a KIA Dealership December 20, 2004 in Oakland, California. The Kia Spectra, a small, four-door sedan that starts at $13,240, received the insurance industry?s worst safety rating in a frontal crash test, the first vehicle to receive such a rating since the 2001 Chevrolet Cavalier. (Photo by Justin Sullivan/Getty Images) (2004 Getty Images)
The government of the northern Mexico state of Nuevo León says it wants to renegotiate a tax incentives deal with Kia Motors Corp.
Nuevo Leon Gov. Jaime Rodríguez says he can't implement a deal agreed to by his predecessor that gave the South Korean automaker tax exemptions as long as 20 years as well as infrastructure for a car plant.
Rodriguez suggests in a statement that he is willing to meet the automaker half way.
{{#rendered}} {{/rendered}}The governor attended a dinner Monday for the state visit of South Korean President Park Geun-hye. Rodríguez said he did not personally meet with the president, but said state officials had been in talks with the Koreans.
Kia has said the plant will be completed by the first half of 2016.