Kia Of Mccomb– 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, gone the Hyundai Motor Company, subsequently 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 more than US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, toting up more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung exactness 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 untouched its declare to Kia Industries, and sophisticated 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, bearing in mind production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to have the funds for occurring passenger cars and focus entirely on blithe trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup later than two additional foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by on top of 95,000 the bordering year), Kia rejoined the automobile industry in partnership considering 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 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 joined States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their extraction past the supplement of the Sportage. higher 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 stated bankruptcy in 1997; and in 1998 reached an attainment following Hyundai Motor Company to diversify by exchanging ownership in the middle of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an immersion in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as a consequence retains ownership in some 22 rotate Hyundai Motor Company subsidiaries. back 2005, Kia has focused upon the European push and has identified design as its “core forward-looking mass engine”leading to the hiring of Peter Schreyer in 2006 as chief design supervisor and his subsequent opening of a new 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. announce share. In August 2014, the company standard international attention as soon as 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 bigger 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 arrival at the Seoul airstrip 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.