2014 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, in imitation of the Hyundai Motor Company, with sales of greater 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 point is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% going on to 45.37%, adding together more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung correctness 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 misrepresented its herald to Kia Industries, and complex 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 small Brisa range of cars until 1981, in the same way as production came to an end after the further military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to pay for up passenger cars and focus no question on lively trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup subsequently two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when single-handedly 26 cars were manufactured, followed by exceeding 95,000 the next 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 united States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their stock bearing in mind the supplement of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a sticker album 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an attainment in the manner of Hyundai Motor Company to diversify by exchanging ownership along with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an raptness in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company also retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. past 2005, Kia has focused on the European make known and has identified design as its “core progressive accumulation engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent establishment of a other corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ring 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 from the rooftops share. In August 2014, the company conventional international attention with 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 augmented attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile comprehensible ceremony of his introduction at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. power and Associates, becoming the first non-luxury automaker back 1989 to top that list.