Kia Headquarters– 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, like the Hyundai Motor Company, following 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 exceeding US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% going on to 45.37%, adding up more than US$8.3 billion.
Kia Motors Metal Design Systems
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 exactness Industry distorted its name to Kia Industries, and progressive 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 little Brisa range of cars until 1981, considering production came to an end after the further military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to present stirring passenger cars and focus extremely on blithe trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup in the manner of two extra 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 like 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 united States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their pedigree past the addition of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a scrap book 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an agreement subsequently Hyundai Motor Company to diversify by exchanging ownership with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an incorporation in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns very nearly one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as well as retains ownership in some 22 every second Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European present and has identified design as its “core unconventional accumulation engine”leading to the hiring of Peter Schreyer in 2006 as chief design official and his subsequent establishment of a new 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. shout out share. In August 2014, the company conventional 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 improved attention than two supplementary vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile handy ceremony of his coming on at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. power and Associates, becoming the first non-luxury automaker back 1989 to summit that list.