Ertley 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, similar to the Hyundai Motor Company, in the same way as 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 exceeding 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%, addition 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 truth Industry distorted its state to Kia Industries, and vanguard built Honda-licensed small 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 little Brisa range of cars until 1981, as soon as production came to an stop after the new military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to have enough money in the works passenger cars and focus categorically on blithe trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup considering two further foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaided 26 cars were manufactured, followed by more than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership next Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into new 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 joined States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. in the past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their heritage like the accessory of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a compilation 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an agreement later than Hyundai Motor Company to diversify by exchanging ownership between both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an inclusion in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns practically one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as well as retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European promote and has identified design as its “core progressive layer engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent establishment of a other corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke showground 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. push share. In August 2014, the company customary international attention behind 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 other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile reachable ceremony of his beginning at the Seoul airport on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. capability and Associates, becoming the first non-luxury automaker since 1989 to summit that list.