Kia Of Gastonia– 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, bearing in mind sales of greater 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 higher than US$6 billion. Kia in point of view is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, calculation 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 precision Industry changed its broadcast to Kia Industries, and forward-looking built Honda-licensed little 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, subsequently production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to meet the expense of taking place passenger cars and focus extremely upon light trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup considering two supplementary foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when and no-one else 26 cars were manufactured, followed by greater than 95,000 the adjacent year), Kia rejoined the automobile industry in partnership bearing in mind Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into new 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. since then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their lineage as soon as the complement of the Sportage. on top of 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 avowed bankruptcy in 1997; and in 1998 reached an appointment subsequently 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 combination in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company in addition to retains ownership in some 22 different Hyundai Motor Company subsidiaries. since 2005, Kia has focused upon the European spread around and has identified design as its “core forward-looking growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design superintendent and his subsequent introduction of a further 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. publicize share. In August 2014, the company expected international attention past 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 additional vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile approachable ceremony of his coming on at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. gift and Associates, becoming the first non-luxury automaker past 1989 to summit that list.