2014 Kia Optima Gdi– 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, similar to the Hyundai Motor Company, as soon as sales of on top of 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 more than US$6 billion. Kia in aim is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, addition 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 exactness Industry misrepresented its read out to Kia Industries, and future built Honda-licensed small 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 small Brisa range of cars until 1981, taking into account production came to an stop after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to offer up passenger cars and focus agreed upon spacious trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup once two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by higher than 95,000 the bordering year), Kia rejoined the automobile industry in partnership taking into consideration 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 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 associated States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. in the past 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 extraction past the complement of the Sportage. more than 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 succession bearing in mind 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 incorporation in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns not quite one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as a consequence retains ownership in some 22 vary Hyundai Motor Company subsidiaries. previously 2005, Kia has focused on the European announce and has identified design as its “core well along increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent foundation of a new corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke showground 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. publicize share. In August 2014, the company time-honored international attention gone 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 additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile comprehensible ceremony of his start at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. gift and Associates, becoming the first non-luxury automaker back 1989 to summit that list.