Kia Of Union City– 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, behind the Hyundai Motor Company, afterward sales of more 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 on top of US$6 billion. Kia in outlook is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, tally more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truth 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 tainted its broadcast to Kia Industries, and forward-thinking 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, afterward production came to an end after the other military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to offer up passenger cars and focus enormously on vivacious trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup later two supplementary foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when forlorn 26 cars were manufactured, followed by beyond 95,000 the adjacent year), Kia rejoined the automobile industry in partnership subsequently Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into extra 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. since then, Kia rationally expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their pedigree following the complement of the Sportage. exceeding one hundred Kia dealerships existed across thirty states by 1995, selling a autograph album 24,740 automobiles.
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However, during the Asian financial crisis, Kia avowed bankruptcy in 1997; and in 1998 reached an taking office later Hyundai Motor Company to diversify by exchanging ownership in the midst of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an concentration in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company plus retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European shout out and has identified design as its “core progressive growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design manager and his subsequent opening of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ring 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. market share. In August 2014, the company time-honored international attention afterward 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 manageable ceremony of his start at the Seoul airstrip on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. aptitude and Associates, becoming the first non-luxury automaker since 1989 to summit that list.