Kia south Miami– 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, similar to the Hyundai Motor Company, taking into account sales of exceeding 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 higher than US$6 billion. Kia in tilt is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, toting up more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung correctness Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung truth Industry untouched its declare to Kia Industries, and forward-looking 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 new military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to meet the expense of up passenger cars and focus utterly on light trucks. Prior to the irritated 1981 shutdown, Kia rounded out its passenger car lineup taking into account two additional foreign models assembled below 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 past 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 allied States. The first Kia-branded vehicles in the associated 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 associated States segment expanded their pedigree bearing in mind the accessory of the Sportage. over 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 confirmed bankruptcy in 1997; and in 1998 reached an consent subsequently 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 concentration in Kia Motors previously 1986. After subsequent divestments, Hyundai Motor Company owns more or less one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company plus retains ownership in some 22 swing Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European promote and has identified design as its “core well ahead growth engine”leading to the hiring of Peter Schreyer in 2006 as chief design proprietor and his subsequent inauguration of a further corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke arena 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. make known share. In August 2014, the company conventional international attention in the same way as 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 friendly ceremony of his initiation 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 previously 1989 to summit that list.