Kia Of El Cajon– 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, later than the Hyundai Motor Company, later 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 over US$6 billion. Kia in position is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, toting up more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truthfulness 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 untouched its proclaim to Kia Industries, and progressive built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly forest in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, in imitation of production came to an stop after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to present in the works passenger cars and focus very on lively trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup subsequently two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when only 26 cars were manufactured, followed by exceeding 95,000 the next 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 supplementary 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 allied States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their line as soon as the addition of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a scrap book 24,740 automobiles.
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However, during the Asian financial crisis, Kia avowed bankruptcy in 1997; and in 1998 reached an concurrence in the same way as Hyundai Motor Company to diversify by exchanging ownership between 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 approximately one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company also retains ownership in some 22 every second Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European make public and has identified design as its “core forward-thinking accrual engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent establishment of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke dome 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. promote share. In August 2014, the company time-honored international attention taking into consideration 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 further 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 initiation at the Seoul landing field on 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. gift and Associates, becoming the first non-luxury automaker previously 1989 to summit that list.