Kia Of Chattanooga– 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, as soon as the Hyundai Motor Company, in the same way as 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 greater than US$6 billion. Kia in perspective is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, accumulation more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung accurateness 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 misrepresented its read out to Kia Industries, and far ahead built Honda-licensed little 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, later than production came to an end after the new military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to provide going on passenger cars and focus categorically on fresh trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup once two extra foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by beyond 95,000 the bordering year), Kia rejoined the automobile industry in partnership in the manner of Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into additional 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 allied States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their parentage behind the adjunct of the Sportage. on top of 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 appointment in the manner of 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 amalgamation in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns approximately one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 interchange Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European puff and has identified design as its “core superior accrual engine”leading to the hiring of Peter Schreyer in 2006 as chief design executive and his subsequent creation of a additional 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. market share. In August 2014, the company customary international attention subsequent 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile straightforward ceremony of his start at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. faculty and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.