Kia Of Bowie

Kia Of Bowie Kia Of Bowie
Kia Of Bowie Kia Of Bowie
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Kia Of Bowie– 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, similar to the Hyundai Motor Company, once 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 greater than US$6 billion. Kia in direction is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, tally more than US$8.3 billion.

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Kia was founded in December 1944 as Kyungsung exactness 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 make known to Kia Industries, and later 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, as soon as production came to an end after the further military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to give up passenger cars and focus categorically upon blithe trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup in the manner of two extra foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when and no-one else 26 cars were manufactured, followed by over 95,000 the next year), Kia rejoined the automobile industry in partnership considering 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 allied 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 in imitation of the auxiliary of the Sportage. over one hundred Kia dealerships existed across thirty states by 1995, selling a tape 24,740 automobiles.

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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an attainment in the same way as Hyundai Motor Company to diversify by exchanging ownership in the midst of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an captivation in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns very nearly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as well as retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. back 2005, Kia has focused on the European spread around and has identified design as its “core far ahead addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design executive and his subsequent start of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ring 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 customary international attention similar to 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 supplementary vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile friendly ceremony of his beginning at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. knack and Associates, becoming the first non-luxury automaker past 1989 to summit that list.

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