Kia Sportage Lift Kit– 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, in the manner of sales of greater 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 higher than US$6 billion. Kia in point of view 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 precision 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 changed its broadcast to Kia Industries, and sophisticated built Honda-licensed little 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, as soon as production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to have enough money taking place passenger cars and focus unquestionably upon lighthearted trucks. Prior to the annoyed 1981 shutdown, Kia rounded out its passenger car lineup subsequently two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when abandoned 26 cars were manufactured, followed by greater than 95,000 the neighboring year), Kia rejoined the automobile industry in partnership taking into consideration Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into new 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 joined States. The first Kia-branded vehicles in the allied 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 line taking into consideration the auxiliary of the Sportage. greater than one hundred Kia dealerships existed across thirty states by 1995, selling a sticker album 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an appointment with 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 combination in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. even though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company then retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European present and has identified design as its “core far along mass engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent foundation of a supplementary 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 public share. In August 2014, the company established international attention when 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 better attention than two new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile understandable ceremony of his beginning at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. capacity and Associates, becoming the first non-luxury automaker previously 1989 to top that list.