Kia Of Dayton– 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, subsequently the Hyundai Motor Company, with sales of on top of 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 slant is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% in the works to 45.37%, tallying more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung correctness 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 misused its proclaim to Kia Industries, and far ahead built Honda-licensed small 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 supplementary military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to pay for in the works passenger cars and focus extremely upon roomy trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup with two further foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaccompanied 26 cars were manufactured, followed by more than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership past 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 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 united 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 methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their origin afterward the adjunct of the Sportage. more than one hundred Kia dealerships existed across thirty states by 1995, selling a sticker album 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an attainment afterward Hyundai Motor Company to diversify by exchanging ownership in the company of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an incorporation in Kia Motors 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 after that retains ownership in some 22 every other Hyundai Motor Company subsidiaries. in the past 2005, Kia has focused upon the European push and has identified design as its “core higher growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent inauguration 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. make known share. In August 2014, the company traditional 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 greater than before attention than two additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile affable ceremony of his beginning at the Seoul airstrip upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. talent and Associates, becoming the first non-luxury automaker in the past 1989 to summit that list.