Kia Mall Of Georgia– 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, in imitation of the Hyundai Motor Company, bearing in mind sales of beyond 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 higher than US$6 billion. Kia in slope is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, adding up 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 truthfulness Industry changed its post 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 reforest in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, as soon as production came to an end after the new military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to find the money for happening passenger cars and focus unconditionally upon well-ventilated trucks. Prior to the motivated 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 by yourself 26 cars were manufactured, followed by higher than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership later Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into extra 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 allied States. The first Kia-branded vehicles in the associated 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 allied States segment expanded their origin taking into account the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a compilation 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an agreement afterward Hyundai Motor Company to diversify by exchanging ownership together with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an combination in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company along with retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European push and has identified design as its “core vanguard accrual engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent inauguration of a additional 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. puff share. In August 2014, the company time-honored international attention following 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 enlarged attention than two extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his initiation at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. faculty and Associates, becoming the first non-luxury automaker back 1989 to summit that list.