2011 Kia Optima Engine– Kia Motor Corporation (Hangul: 기아자동차; Hanja: 起亞自動車, IPA: [ki.a], lit. ”Kia automobile”; stylized as KIΛ), headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, past the Hyundai Motor Company, when sales of beyond 3.3 million vehicles in 2015. As of December 2015, the Kia Motor Corporation is minority owned by Hyundai, which owns a 33.88% stake valued at just higher than US$6 billion. Kia in face is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, adding together more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung precision Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung accurateness Industry distorted its reveal to Kia Industries, and far ahead built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, afterward production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to find the money for going on passenger cars and focus extremely on light trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup bearing in mind two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when without help 26 cars were manufactured, followed by over 95,000 the adjacent year), Kia rejoined the automobile industry in partnership afterward Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into new countries. These models included the Kia Pride, based upon the Mazda 121, and the Avella, which were sold in North America and Australasia as the Ford Festiva and Ford Aspire.In 1992, Kia Motors America was incorporated in the joined States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. previously then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their pedigree with the complement of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a cassette 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an succession once Hyundai Motor Company to diversify by exchanging ownership in the company of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an engagement in Kia Motors back 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company with retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European present and has identified design as its “core unconventional lump engine”leading to the hiring of Peter Schreyer in 2006 as chief design proprietor and his subsequent foundation of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke arena for Kia Motors Manufacturing Georgia in West Point, Georgia, representing a $1 billion USD investment for the company. Kia Motors Manufacturing Georgia opened in February 2010, after Kia recorded its 15th consecutive year of increased U.S. shout out share. In August 2014, the company conventional international attention following Pope Francis of the Catholic Church rode in one of their compact cars, the Kia Soul, during a five-day visit to South Korea. The Kia Soul drew better attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile manageable ceremony of his start at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. talent and Associates, becoming the first non-luxury automaker previously 1989 to top that list.