Kia Dealership Near My Location– 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, once the Hyundai Motor Company, considering 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 exceeding US$6 billion. Kia in position is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, addition more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truthfulness 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 misrepresented its make known to Kia Industries, and later built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly forest in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, afterward production came to an end after the extra military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to provide up passenger cars and focus unquestionably upon roomy trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup once two supplementary foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by more than 95,000 the next year), Kia rejoined the automobile industry in partnership past Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into other 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 joined States. The first Kia-branded vehicles in the joined 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 lineage gone the addition of the Sportage. exceeding one hundred Kia dealerships existed across thirty states by 1995, selling a wedding album 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an consent as soon as 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 immersion in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns not quite one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 interchange Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European promote and has identified design as its “core forward-thinking mass engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent launch of a supplementary 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. promote share. In August 2014, the company received international attention subsequently 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 other 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 on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. capacity and Associates, becoming the first non-luxury automaker before 1989 to top that list.