Kia Finance Company– 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, considering the Hyundai Motor Company, taking into account sales of over 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 more than US$6 billion. Kia in tilt is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, adding up 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 precision Industry changed its broadcast to Kia Industries, and sophisticated 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 small Brisa range of cars until 1981, when production came to an end after the further military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to pay for occurring passenger cars and focus entirely upon roomy trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup next two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when isolated 26 cars were manufactured, followed by exceeding 95,000 the adjacent year), Kia rejoined the automobile industry in partnership later than 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 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 united States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their heritage next the accessory of the Sportage. more than one hundred Kia dealerships existed across thirty states by 1995, selling a folder 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an consent following 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 raptness in Kia Motors in the 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 also retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. in the past 2005, Kia has focused on the European broadcast and has identified design as its “core later increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent commencement of a new corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke showground 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 afterward 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 augmented attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile clear ceremony of his coming on at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. capability and Associates, becoming the first non-luxury automaker past 1989 to summit that list.