2012 Kia Optima Accessories– 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, like the Hyundai Motor Company, taking into account sales of exceeding 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 on top of US$6 billion. Kia in position is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, count more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truth Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung precision Industry untouched its name to Kia Industries, and later built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly tree-plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, taking into account production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to provide up passenger cars and focus agreed on vivacious trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup later two additional foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaccompanied 26 cars were manufactured, followed by greater than 95,000 the next year), Kia rejoined the automobile industry in partnership considering Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into other countries. These models included the Kia Pride, based on 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 associated States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. back then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their line later than the adjunct of the Sportage. over one hundred Kia dealerships existed across thirty states by 1995, selling a collection 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an attainment subsequent to Hyundai Motor Company to diversify by exchanging ownership amongst both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an incorporation in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns very nearly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 exchange Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European puff and has identified design as its “core future bump engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent initiation of a supplementary corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke field 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. promote share. In August 2014, the company received international attention as soon as 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 bigger attention than two supplementary vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile available ceremony of his coming on at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. capacity and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.