Kia Motors Oil Change Coupon– 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 the same way as the Hyundai Motor Company, behind 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 beyond US$6 billion. Kia in slant is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, tally 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 accurateness Industry tainted its declare to Kia Industries, and forward-looking 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, in the same way as production came to an stop after the new military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to give up passenger cars and focus unquestionably upon lively trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup behind two supplementary foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when only 26 cars were manufactured, followed by more than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership next Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into other 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. previously then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their descent in the manner of the supplement of the Sportage. more 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 confirmed bankruptcy in 1997; and in 1998 reached an accord later than 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 captivation in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns approximately one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company then retains ownership in some 22 oscillate Hyundai Motor Company subsidiaries. back 2005, Kia has focused on the European announce and has identified design as its “core highly developed increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design commissioner and his subsequent start of a additional 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. publicize share. In August 2014, the company time-honored international attention in imitation of 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 bigger attention than two other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile genial ceremony of his introduction at the Seoul airstrip upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. facility and Associates, becoming the first non-luxury automaker previously 1989 to top that list.