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Napleton Kia Elmhurst– 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, as soon as the Hyundai Motor Company, in the same way as 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 exceeding US$6 billion. Kia in tilt is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% taking place to 45.37%, totaling 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 exactness Industry misused its pronounce to Kia Industries, and complex 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, when production came to an stop after the additional military dictator Chun Doo-hwan enforced industry consolidation. This annoyed Kia to have enough money going on passenger cars and focus utterly on lively trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup as soon as two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaided 26 cars were manufactured, followed by beyond 95,000 the next year), Kia rejoined the automobile industry in partnership when 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. before then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their stock in the same way as the complement of the Sportage. on top of one hundred Kia dealerships existed across thirty states by 1995, selling a cd 24,740 automobiles.

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However, during the Asian financial crisis, Kia avowed bankruptcy in 1997; and in 1998 reached an taking over once Hyundai Motor Company to diversify by exchanging ownership along with both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an captivation in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company furthermore retains ownership in some 22 interchange Hyundai Motor Company subsidiaries. before 2005, Kia has focused on the European publicize and has identified design as its “core well ahead buildup engine”leading to the hiring of Peter Schreyer in 2006 as chief design official and his subsequent initiation of a additional corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke field 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. market share. In August 2014, the company received international attention bearing in mind 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 user-friendly ceremony of his introduction at the Seoul airdrome on 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. facility and Associates, becoming the first non-luxury automaker previously 1989 to summit that list.