Kia Of orange Park– 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, in the manner of the Hyundai Motor Company, once 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 higher than US$6 billion. Kia in slope is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, count 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 exactness Industry distorted its state to Kia Industries, and innovative 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, next production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to give in the works passenger cars and focus definitely on spacious trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup gone two additional foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by exceeding 95,000 the next-door 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 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 united States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. previously then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their descent afterward the supplement of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a collection 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an concurrence subsequent to 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 concentration in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns not quite one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company plus retains ownership in some 22 exchange Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European spread around and has identified design as its “core later layer engine”leading to the hiring of Peter Schreyer in 2006 as chief design executive and his subsequent creation of a other corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke field 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 customary 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 greater than before attention than two further 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 airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. capacity and Associates, becoming the first non-luxury automaker past 1989 to summit that list.