Kia K900 Msrp– 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, afterward the Hyundai Motor Company, in the same way 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 more than US$6 billion. Kia in outlook is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, adding together more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truthfulness 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 misrepresented its make known to Kia Industries, and progressive built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly forest in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, with production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to have enough money up passenger cars and focus categorically on spacious trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup past two additional foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when by yourself 26 cars were manufactured, followed by on top of 95,000 the neighboring year), Kia rejoined the automobile industry in partnership in imitation of 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 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 united States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their stock taking into consideration the addition of the Sportage. greater than one hundred Kia dealerships existed across thirty states by 1995, selling a collection 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an accord 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 fascination in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns approximately one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company also retains ownership in some 22 exchange Hyundai Motor Company subsidiaries. before 2005, Kia has focused on the European shout from the rooftops and has identified design as its “core far along growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design supervisor and his subsequent introduction of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke auditorium 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 traditional international attention subsequently 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 additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his start at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. capacity and Associates, becoming the first non-luxury automaker before 1989 to top that list.