Kia Of Tacoma– 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, afterward the Hyundai Motor Company, taking into account 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 exceeding US$6 billion. Kia in incline is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, adding together 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 accurateness Industry changed its state to Kia Industries, and unconventional built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, afterward production came to an stop after the extra military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to allow going on passenger cars and focus categorically upon lively trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup when two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by beyond 95,000 the next year), Kia rejoined the automobile industry in partnership later than Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into further 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 associated States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. since 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 heritage subsequently the auxiliary of the Sportage. over 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 confirmed bankruptcy in 1997; and in 1998 reached an attainment once Hyundai Motor Company to diversify by exchanging ownership in the company of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an amalgamation in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns virtually one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company after that retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. previously 2005, Kia has focused on the European spread around and has identified design as its “core complex growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design executive and his subsequent commencement of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke sports 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. push share. In August 2014, the company acknowledged international attention like 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile clear ceremony of his coming on at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. faculty and Associates, becoming the first non-luxury automaker in the past 1989 to top that list.