Kia Escondido Service– 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, as soon as the Hyundai Motor Company, as soon as sales of greater 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 beyond US$6 billion. Kia in slant is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring 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 truth Industry misused its proclaim to Kia Industries, and forward-thinking built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, taking into account production came to an stop after the additional military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to come up with the money for in the works passenger cars and focus very upon roomy trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup in the manner of two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when on your own 26 cars were manufactured, followed by exceeding 95,000 the next year), Kia rejoined the automobile industry in partnership as soon as 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 united States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. before then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their origin once the auxiliary of the Sportage. over 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 avowed bankruptcy in 1997; and in 1998 reached an appointment 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 engagement in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns practically one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 exchange Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European make known and has identified design as its “core progressive increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent launch of a new corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke dome 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 acknowledged international attention with 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 improved attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile open ceremony of his dawn at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. skill and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.