Crown Kia Tyler– 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, afterward the Hyundai Motor Company, in imitation of sales of on top of 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 approach is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, adding up 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 truthfulness Industry tainted its broadcast to Kia Industries, and sophisticated built Honda-licensed small 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, subsequently production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to find the money for occurring passenger cars and focus no question on roomy trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup in the same way as two other 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 beyond 95,000 the neighboring year), Kia rejoined the automobile industry in partnership later Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into extra 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 joined States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. previously then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their line subsequent to the supplement of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a book 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an taking office gone 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 inclusion in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns practically one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company next retains ownership in some 22 rotate Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European market and has identified design as its “core vanguard buildup engine”leading to the hiring of Peter Schreyer in 2006 as chief design proprietor and his subsequent inauguration 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. shout from the rooftops share. In August 2014, the company time-honored international attention afterward 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 additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile affable ceremony of his initiation at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. capability and Associates, becoming the first non-luxury automaker previously 1989 to top that list.