Kia Dealership Colorado– 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, later the Hyundai Motor Company, later 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 greater than US$6 billion. Kia in viewpoint is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, tallying more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung correctness Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung accurateness Industry distorted its state 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 little Brisa range of cars until 1981, following production came to an stop after the new military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to give happening passenger cars and focus enormously on open trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup like two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when deserted 26 cars were manufactured, followed by on top of 95,000 the adjacent year), Kia rejoined the automobile industry in partnership taking into consideration 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 united States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their extraction subsequently the addition of the Sportage. greater than one hundred Kia dealerships existed across thirty states by 1995, selling a photo album 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an agreement taking into account 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 combination in Kia Motors in the 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 moreover retains ownership in some 22 swing Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European publicize and has identified design as its “core innovative growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent commencement of a additional 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 time-honored 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 greater than before attention than two further vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile friendly ceremony of his start at the Seoul airdrome on 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 back 1989 to summit that list.