2015 Kia Optima Msrp– 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, following the Hyundai Motor Company, subsequent to 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 beyond US$6 billion. Kia in point of view is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, count more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung exactness Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung correctness Industry misused its publicize to Kia Industries, and complex built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly reforest in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, when production came to an end after the new military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to meet the expense of in the works passenger cars and focus definitely upon light trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup next two new foreign models assembled below 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-door 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 further 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 allied States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their extraction in imitation of the addition of the Sportage. exceeding 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 concurrence similar to Hyundai Motor Company to diversify by exchanging ownership surrounded by both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an captivation in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company then retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European push and has identified design as its “core vanguard growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design proprietor and his subsequent instigation of a additional 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. puff share. In August 2014, the company usual international attention bearing in mind 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 other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile within reach ceremony of his beginning at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. capability and Associates, becoming the first non-luxury automaker back 1989 to summit that list.