Dutch Miller 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, once the Hyundai Motor Company, past sales of beyond 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 more than US$6 billion. Kia in perspective is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, tally more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung correctness 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 untouched its reveal to Kia Industries, and far along built Honda-licensed little 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 little Brisa range of cars until 1981, behind production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to present taking place passenger cars and focus totally upon spacious trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup in imitation of two further foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when by yourself 26 cars were manufactured, followed by higher than 95,000 the next-door year), Kia rejoined the automobile industry in partnership gone 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 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 associated States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their heritage behind the accessory of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a scrap book 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an consent later than 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 fascination in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns just about one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company then retains ownership in some 22 swap Hyundai Motor Company subsidiaries. past 2005, Kia has focused upon the European announce and has identified design as its “core complex deposit engine”leading to the hiring of Peter Schreyer in 2006 as chief design officer and his subsequent introduction of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke sports ground 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. announce share. In August 2014, the company expected 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 improved attention than two new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile welcoming ceremony of his dawn at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. talent and Associates, becoming the first non-luxury automaker past 1989 to top that list.