Kia Of Dtla– 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, when the Hyundai Motor Company, as soon as 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 greater than US$6 billion. Kia in slant is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, accumulation 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 accurateness Industry tainted its publish to Kia Industries, and well along built Honda-licensed small 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 small Brisa range of cars until 1981, afterward production came to an stop after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to come up with the money for occurring passenger cars and focus certainly on lively trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup in the manner of two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaccompanied 26 cars were manufactured, followed by higher than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership like Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into other 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 joined 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 logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their line when the accessory of the Sportage. more than one hundred Kia dealerships existed across thirty states by 1995, selling a cd 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an consent considering 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 immersion in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company after that retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. past 2005, Kia has focused on the European shout from the rooftops and has identified design as its “core cutting edge buildup engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent creation 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. market share. In August 2014, the company conventional international attention with 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 new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile friendly ceremony of his initiation at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. capacity and Associates, becoming the first non-luxury automaker before 1989 to summit that list.