Crown Kia Longview– 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, considering the Hyundai Motor Company, once sales of higher 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 on top of US$6 billion. Kia in tilt is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring 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 misused its reveal to Kia Industries, and progressive built Honda-licensed small 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, in the same way as production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to allow going on passenger cars and focus very upon light trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup following two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaccompanied 26 cars were manufactured, followed by exceeding 95,000 the adjacent year), Kia rejoined the automobile industry in partnership like Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into further 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 united States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. since 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 origin in the manner of the addition of the Sportage. more than 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 avowed bankruptcy in 1997; and in 1998 reached an taking office taking into account 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 raptness in Kia Motors back 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 in addition to retains ownership in some 22 oscillate Hyundai Motor Company subsidiaries. past 2005, Kia has focused upon the European publicize and has identified design as its “core far ahead deposit engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent foundation of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke field 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. broadcast share. In August 2014, the company conventional international attention following 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his beginning at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. facility and Associates, becoming the first non-luxury automaker back 1989 to top that list.