Kia soul Crash Rating– 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, bearing in mind the Hyundai Motor Company, in imitation of 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 greater than US$6 billion. Kia in point of view 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 precision Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung truthfulness Industry untouched its name to Kia Industries, and well along 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 little Brisa range of cars until 1981, taking into account production came to an end after the additional military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to give in the works passenger cars and focus definitely on buoyant trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup past two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when single-handedly 26 cars were manufactured, followed by greater than 95,000 the next year), Kia rejoined the automobile industry in partnership subsequent to 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 allied States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their descent next the adjunct of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a baby book 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an taking office 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 inclusion in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 every other Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European publicize and has identified design as its “core sophisticated addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent instigation of a other 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. publicize share. In August 2014, the company conventional international attention in imitation of 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile to hand ceremony of his initiation at the Seoul airport on 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. power and Associates, becoming the first non-luxury automaker previously 1989 to summit that list.