Kia Dealership Springfield Mo– 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 than the Hyundai Motor Company, as soon as 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 aim is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, count 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 correctness Industry misused its declare to Kia Industries, and innovative built Honda-licensed small 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, in the same way as production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to have enough money going on passenger cars and focus definitely on vivacious trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup later two extra foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when by yourself 26 cars were manufactured, followed by more than 95,000 the next-door year), Kia rejoined the automobile industry in partnership in the manner of 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 joined States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. in the past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their origin following the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a cd 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an agreement like Hyundai Motor Company to diversify by exchanging ownership together with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an combination in Kia Motors past 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 along with retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. past 2005, Kia has focused on the European announce and has identified design as its “core higher growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design commissioner and his subsequent instigation of a extra 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. make public share. In August 2014, the company customary international attention gone 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile user-friendly ceremony of his introduction at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. capability and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.