Kia soul Yellow– 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 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 approach is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% happening to 45.37%, adding up 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 precision Industry misrepresented its declare to Kia Industries, and complex 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 additional military dictator Chun Doo-hwan enforced industry consolidation. This provoked Kia to have the funds for taking place passenger cars and focus enormously on buoyant trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup later than two further foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonesome 26 cars were manufactured, followed by more than 95,000 the next-door year), Kia rejoined the automobile industry in partnership in imitation of 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 joined States. The first Kia-branded vehicles in the united States were sold from four dealerships in Portland, Oregon, in February 1994. since 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 in the same way as the supplement of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a folder 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an taking over in the manner of 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 engagement in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company moreover retains ownership in some 22 substitute Hyundai Motor Company subsidiaries. before 2005, Kia has focused upon the European publicize and has identified design as its “core vanguard accumulation engine”leading to the hiring of Peter Schreyer in 2006 as chief design superintendent and his subsequent instigation 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. broadcast share. In August 2014, the company established international attention following 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 other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile user-friendly ceremony of his start at the Seoul landing field on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. power and Associates, becoming the first non-luxury automaker since 1989 to summit that list.