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Car Pros Kia Tacoma– 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, in imitation of 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 higher than US$6 billion. Kia in position is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, calculation more than US$8.3 billion.

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Kia was founded in December 1944 as Kyungsung truth 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 broadcast to Kia Industries, and sophisticated built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly forest in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, behind production came to an end after the extra military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to present stirring passenger cars and focus categorically upon open trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup bearing in mind two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when solitary 26 cars were manufactured, followed by higher than 95,000 the neighboring year), Kia rejoined the automobile industry in partnership past 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 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 associated States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. back then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their lineage in imitation of the accessory of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a photograph album 24,740 automobiles.

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However, during the Asian financial crisis, Kia avowed bankruptcy in 1997; and in 1998 reached an concurrence in the same way as Hyundai Motor Company to diversify by exchanging ownership amongst both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an fascination in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns just about 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 alternating Hyundai Motor Company subsidiaries. in the past 2005, Kia has focused upon the European push and has identified design as its “core superior mass engine”leading to the hiring of Peter Schreyer in 2006 as chief design proprietor and his subsequent foundation of a further 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. publicize share. In August 2014, the company expected international attention in the manner of 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 enlarged attention than two additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile reachable ceremony of his arrival at the Seoul airdrome on 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 before 1989 to summit that list.

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