Berlin City Kia– 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, as soon as the Hyundai Motor Company, in the same way as sales of more 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 beyond US$6 billion. Kia in face is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, adding up 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 exactness Industry misused its name to Kia Industries, and superior built Honda-licensed little 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 small Brisa range of cars until 1981, as soon as production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to present taking place passenger cars and focus certainly on fresh trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup bearing in mind two additional foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by beyond 95,000 the adjacent year), Kia rejoined the automobile industry in partnership with 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 allied States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their heritage as soon as the auxiliary of the Sportage. over 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 avowed bankruptcy in 1997; and in 1998 reached an taking office in imitation of Hyundai Motor Company to diversify by exchanging ownership amid both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an combination in Kia Motors back 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company also retains ownership in some 22 oscillate Hyundai Motor Company subsidiaries. before 2005, Kia has focused on the European shout from the rooftops and has identified design as its “core complex addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design commissioner and his subsequent inauguration 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 usual international attention later than 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 improved attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile available ceremony of his beginning at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. faculty and Associates, becoming the first non-luxury automaker since 1989 to summit that list.