Kia Of Dartmouth– 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, in the same way as sales of over 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 exceeding US$6 billion. Kia in face is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, toting up more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung precision Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung exactness Industry tainted its declare 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 tree-plant in 1973, the Sohari Plant. Kia built the little Brisa range of cars until 1981, behind production came to an end after the extra military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to provide in the works passenger cars and focus unconditionally upon buoyant trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup with two supplementary foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when deserted 26 cars were manufactured, followed by greater than 95,000 the bordering year), Kia rejoined the automobile industry in partnership gone Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into further 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 united States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. in the past then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their parentage in the same way as the supplement of the Sportage. more than 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 acknowledged bankruptcy in 1997; and in 1998 reached an succession next Hyundai Motor Company to diversify by exchanging ownership amongst both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an inclusion in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns more or less one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company next retains ownership in some 22 interchange Hyundai Motor Company subsidiaries. back 2005, Kia has focused upon the European shout from the rooftops and has identified design as its “core innovative bump engine”leading to the hiring of Peter Schreyer in 2006 as chief design executive and his subsequent inauguration of a other 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. broadcast share. In August 2014, the company received international attention afterward 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 easy to get to ceremony of his introduction at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. capability and Associates, becoming the first non-luxury automaker since 1989 to top that list.