Kia Service Coupons– 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, subsequent to the Hyundai Motor Company, with 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 beyond US$6 billion. Kia in slant is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, count more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung accurateness 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 misused its proclaim to Kia Industries, and vanguard 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, later production came to an stop after the other military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to meet the expense of in the works passenger cars and focus unconditionally upon buoyant trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup taking into consideration two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when only 26 cars were manufactured, followed by on top of 95,000 the adjacent year), Kia rejoined the automobile industry in partnership in the same way as 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 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. back then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the associated States segment expanded their lineage later than the complement of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a cassette 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an accord when 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 raptness in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns more or less 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. before 2005, Kia has focused upon the European announce and has identified design as its “core well along addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent introduction of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke showground 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. present share. In August 2014, the company standard international attention similar to 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 supplementary vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile understandable ceremony of his start at the Seoul airport upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. capacity and Associates, becoming the first non-luxury automaker before 1989 to summit that list.