Kia Moosic– 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, past the Hyundai Motor Company, in the manner of 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 approach is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, calculation more than US$8.3 billion.
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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 untouched its proclaim to Kia Industries, and higher 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 little Brisa range of cars until 1981, later than production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to find the money for stirring passenger cars and focus totally upon buoyant trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup taking into account two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when deserted 26 cars were manufactured, followed by higher than 95,000 the next year), Kia rejoined the automobile industry in partnership subsequent to 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 associated States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. before then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their line gone the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a cd 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an taking office 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 combination in Kia Motors past 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 as a consequence retains ownership in some 22 interchange Hyundai Motor Company subsidiaries. before 2005, Kia has focused on the European publicize and has identified design as its “core difficult bump engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent inauguration of a supplementary 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. shout out share. In August 2014, the company usual 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 new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile open ceremony of his coming on at the Seoul airstrip upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. knack and Associates, becoming the first non-luxury automaker previously 1989 to top that list.