Kia Dfw– 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, past the Hyundai Motor Company, once 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 higher than US$6 billion. Kia in twist is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, calculation 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 truthfulness Industry misused its publish to Kia Industries, and difficult 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 small Brisa range of cars until 1981, subsequent to production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to allow occurring passenger cars and focus extremely on vivacious trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup when two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by higher than 95,000 the next year), Kia rejoined the automobile industry in partnership gone 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 allied States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. before then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their descent later than the supplement of the Sportage. exceeding one hundred Kia dealerships existed across thirty states by 1995, selling a book 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an attainment subsequent to Hyundai Motor Company to diversify by exchanging ownership amongst both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an amalgamation in Kia Motors back 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as a consequence retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. back 2005, Kia has focused on the European broadcast and has identified design as its “core well ahead lump engine”leading to the hiring of Peter Schreyer in 2006 as chief design official and his subsequent instigation of a additional 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. publicize share. In August 2014, the company normal international attention taking into consideration 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 further vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile understandable ceremony of his introduction at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. facility and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.