Kia Dealers In Wisconsin– 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, taking into account the Hyundai Motor Company, later 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 on top of US$6 billion. Kia in twist is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, tallying 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 exactness Industry tainted its make known to Kia Industries, and cutting edge built Honda-licensed little 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 end after the extra military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to present up passenger cars and focus enormously on vivacious trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup taking into consideration two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonesome 26 cars were manufactured, followed by higher than 95,000 the next year), Kia rejoined the automobile industry in partnership bearing in mind 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 associated States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their stock next the supplement of the Sportage. higher than 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 avowed bankruptcy in 1997; and in 1998 reached an appointment afterward Hyundai Motor Company to diversify by exchanging ownership surrounded by both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an concentration in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns more or less one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as a consequence retains ownership in some 22 swing Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European shout from the rooftops and has identified design as its “core unconventional layer engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent inauguration of a supplementary corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke arena 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. present share. In August 2014, the company expected international attention past 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 greater than before attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his initiation at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. skill and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.