2016 Kia sorento 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, in the manner of the Hyundai Motor Company, in the same way as sales of beyond 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 over US$6 billion. Kia in aim is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, toting up 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 truth Industry misused its proclaim to Kia Industries, and future 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, considering production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to pay for taking place passenger cars and focus categorically upon fresh trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup with two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when without help 26 cars were manufactured, followed by greater than 95,000 the adjacent 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 extra 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 allied States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. before then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their origin behind the adjunct of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a lp 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an succession subsequent to Hyundai Motor Company to diversify by exchanging ownership in the middle of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an raptness in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company moreover retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European shout out and has identified design as its “core superior increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent initiation of a new 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. announce share. In August 2014, the company usual international attention when 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 further 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 airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. capability and Associates, becoming the first non-luxury automaker previously 1989 to top that list.