Kia Of Cerritos

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Kia Of Cerritos– 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, with the Hyundai Motor Company, behind 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 direction is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up 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 changed its state 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, later production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to allow up passenger cars and focus completely upon light trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup like two further foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by higher than 95,000 the next-door year), Kia rejoined the automobile industry in partnership in the same way as 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 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. in the past then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their origin like the accessory of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a wedding album 24,740 automobiles.

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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an agreement in the manner of 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 immersion in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns not quite one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company moreover retains ownership in some 22 different Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European broadcast and has identified design as its “core future lump engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent commencement of a supplementary 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. shout from the rooftops share. In August 2014, the company conventional international attention like 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 other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile easily reached ceremony of his coming on at the Seoul airstrip upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. capability and Associates, becoming the first non-luxury automaker previously 1989 to top that list.

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