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Kia Leases– 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, later the Hyundai Motor Company, with sales of exceeding 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 on top of US$6 billion. Kia in aim is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, adding together 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 exactness Industry misrepresented its read out to Kia Industries, and well along built Honda-licensed small 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, past production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to pay for going on passenger cars and focus unquestionably on spacious trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup later than two supplementary foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when without help 26 cars were manufactured, followed by greater than 95,000 the next year), Kia rejoined the automobile industry in partnership similar to Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into further 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 associated States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. previously then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their stock subsequent to the supplement of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a baby book 24,740 automobiles.

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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an succession when 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 engagement in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company moreover retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. back 2005, Kia has focused upon the European push and has identified design as its “core highly developed buildup engine”leading to the hiring of Peter Schreyer in 2006 as chief design officer and his subsequent launch of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ground 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. broadcast share. In August 2014, the company normal international attention later 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 new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile straightforward ceremony of his dawn at the Seoul landing field on 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. skill and Associates, becoming the first non-luxury automaker back 1989 to summit that list.

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