Kingdom Kia Rolla Mo– 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, following the Hyundai Motor Company, subsequent to 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 higher than US$6 billion. Kia in face is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, addition 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 precision Industry misused its declare 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 plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, taking into account production came to an end after the new military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to manage to pay for happening passenger cars and focus totally upon vivacious trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup past two extra foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonesome 26 cars were manufactured, followed by greater than 95,000 the neighboring year), Kia rejoined the automobile industry in partnership with Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into other 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 united States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. in the past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their stock in the manner of the accessory of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a photo album 24,740 automobiles.
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However, during the Asian financial crisis, Kia acknowledged bankruptcy in 1997; and in 1998 reached an consent in imitation of Hyundai Motor Company to diversify by exchanging ownership in the company of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an amalgamation in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns virtually one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company as a consequence retains ownership in some 22 alternating Hyundai Motor Company subsidiaries. since 2005, Kia has focused on the European shout out and has identified design as its “core later addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent foundation of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke sports ground 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. announce share. In August 2014, the company usual international attention like 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 augmented attention than two further 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 dawn at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the allied States by J.D. aptitude and Associates, becoming the first non-luxury automaker past 1989 to summit that list.