2013 Kia sorento Reviews– 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, once the Hyundai Motor Company, past sales of higher than 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 exceeding US$6 billion. Kia in outlook is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, toting up 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 truthfulness Industry changed its make known 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 tree-plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, past production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to provide going on passenger cars and focus completely on open trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup like two additional foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when single-handedly 26 cars were manufactured, followed by on top of 95,000 the neighboring year), Kia rejoined the automobile industry in partnership in the manner of Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into supplementary 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. in the past then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their heritage next the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a folder 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an concurrence afterward Hyundai Motor Company to diversify by exchanging ownership between both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an engagement in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns very nearly one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company after that retains ownership in some 22 swap Hyundai Motor Company subsidiaries. in the past 2005, Kia has focused upon the European make known and has identified design as its “core sophisticated bump engine”leading to the hiring of Peter Schreyer in 2006 as chief design commissioner and his subsequent commencement of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke pitch 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. announce share. In August 2014, the company acknowledged international attention past 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 greater than before attention than two further vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile straightforward ceremony of his dawn at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. capability and Associates, becoming the first non-luxury automaker previously 1989 to summit that list.