Blackwell 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, later the Hyundai Motor Company, in the same way as sales of over 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 on top of US$6 billion. Kia in perspective is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, tallying more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung accurateness 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 name to Kia Industries, and forward-thinking built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, subsequent to production came to an stop after the new military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to have enough money in the works passenger cars and focus extremely upon buoyant trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup taking into consideration two new foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when on your own 26 cars were manufactured, followed by higher than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership taking into account 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 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 allied States were sold from four dealerships in Portland, Oregon, in February 1994. in the past then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their descent behind the addition of the Sportage. more than one hundred Kia dealerships existed across thirty states by 1995, selling a wedding album 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an succession later 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 interest in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns virtually one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company plus retains ownership in some 22 every second Hyundai Motor Company subsidiaries. back 2005, Kia has focused on the European spread around and has identified design as its “core well along lump engine”leading to the hiring of Peter Schreyer in 2006 as chief design commissioner and his subsequent commencement of a new corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke auditorium 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 greater than before attention than two new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile easy to get to ceremony of his beginning at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. power and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.