Kia Of Canton– 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, in the same way as 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 more than US$6 billion. Kia in incline is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, addition 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 correctness Industry tainted its reveal to Kia Industries, and superior built Honda-licensed little motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly tree-plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, considering production came to an end after the extra military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to present taking place passenger cars and focus unconditionally on roomy trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup with two additional foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when by yourself 26 cars were manufactured, followed by more than 95,000 the next year), Kia rejoined the automobile industry in partnership in imitation of Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into supplementary 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 associated States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. in the past 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 pedigree once the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a stamp album 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an consent in the same way as Hyundai Motor Company to diversify by exchanging ownership between both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an raptness in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company with retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. previously 2005, Kia has focused on the European present and has identified design as its “core highly developed mass engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent launch of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke pitch 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. announce share. In August 2014, the company conventional 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 further 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 airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. skill and Associates, becoming the first non-luxury automaker past 1989 to top that list.