Hilltop 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, bearing in mind the Hyundai Motor Company, past 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 higher than US$6 billion. Kia in twist is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, tally 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 misused its publicize to Kia Industries, and later 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 small Brisa range of cars until 1981, afterward production came to an end after the other military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to find the money for in the works passenger cars and focus certainly on light trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup considering two extra foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonesome 26 cars were manufactured, followed by higher than 95,000 the bordering year), Kia rejoined the automobile industry in partnership once Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into supplementary 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 associated States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. previously then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their line taking into account the accessory of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a tape 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an consent afterward 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 incorporation in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns approximately one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company in addition to retains ownership in some 22 vary Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European promote and has identified design as its “core forward-thinking addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent introduction of a other corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke 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. publicize 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 easy to use 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. power and Associates, becoming the first non-luxury automaker before 1989 to summit that list.