Crown Kia Longview Tx– 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, taking into consideration 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 over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% going on to 45.37%, accumulation more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung precision 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 changed its reveal 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 tree-plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, with production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to manage to pay for occurring passenger cars and focus certainly on vivacious trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup like two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by higher than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership considering 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. past then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their lineage bearing in mind the addition of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a record 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an taking office behind Hyundai Motor Company to diversify by exchanging ownership with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an combination in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns just about one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company after that retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European publicize and has identified design as its “core cutting edge addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design officer and his subsequent establishment of a supplementary corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke arena 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. make public share. In August 2014, the company usual international attention taking into consideration 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 further vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his initiation at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. skill and Associates, becoming the first non-luxury automaker past 1989 to top that list.