--FILE--A Kia K5 Hybrid car is on display during an automobile exhibition in Nanjing city, east China's Jiangsu province, 17 April 2015. A group of over 100 auto dealers in China has said it would consider refusing to sell Kia Motors Corp brand cars unless it receives 2.5 billion yuan ($364 million) in compensation for losses brought about by unsold stock. The group made the comment to the South Korean firm's China joint venture in a letter seen by Reuters on Tuesday (17 January 2017), in which it objected to the amount of inventory dealers are required to take on. This is not the first time Chinese dealers have revolted over inventories. Two years ago, BMW (BMWG.DE) paid $820 million to dealers demanding compensation for unsold stock, and last year, dealers of imported cars for Kia sister company Hyundai Motor Co requested around $135 million for lack of inventory.
