Kia Dealer Boise– 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 same way as the Hyundai Motor Company, behind 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 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 truth 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 misrepresented its herald to Kia Industries, and higher 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, taking into account production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to present going on passenger cars and focus extremely upon open trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup bearing in mind two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by more than 95,000 the next-door year), Kia rejoined the automobile industry in partnership similar to 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 united States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. previously 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 subsequently the auxiliary of the Sportage. beyond one hundred Kia dealerships existed across thirty states by 1995, selling a autograph album 24,740 automobiles.
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However, during the Asian financial crisis, Kia avowed bankruptcy in 1997; and in 1998 reached an concurrence in imitation of 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 raptness in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns not quite one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company then retains ownership in some 22 stand-in Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European make known and has identified design as its “core forward-looking lump engine”leading to the hiring of Peter Schreyer in 2006 as chief design supervisor and his subsequent foundation of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke field 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. promote share. In August 2014, the company usual international attention in the same way as 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 better attention than two supplementary vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile manageable ceremony of his start at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. power and Associates, becoming the first non-luxury automaker since 1989 to top that list.