Folger 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, in the manner of the Hyundai Motor Company, later sales of more 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 beyond US$6 billion. Kia in tilt is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, totaling 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 truth Industry changed its make known to Kia Industries, and well along 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 small Brisa range of cars until 1981, similar to production came to an stop after the additional military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to offer occurring passenger cars and focus unconditionally on open trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup in the manner of two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when solitary 26 cars were manufactured, followed by higher than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership subsequently Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into additional 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 united States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their stock in the manner of the accessory of the Sportage. over 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 declared bankruptcy in 1997; and in 1998 reached an succession next Hyundai Motor Company to diversify by exchanging ownership along with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an fascination in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns very nearly one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company with retains ownership in some 22 different Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European puff and has identified design as its “core later addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design officer and his subsequent commencement of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ring 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. publicize share. In August 2014, the company expected international attention like 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 other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile handy ceremony of his arrival at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. faculty and Associates, becoming the first non-luxury automaker previously 1989 to top that list.