Paul Cerame Kia– 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, once the Hyundai Motor Company, like 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 over US$6 billion. Kia in direction is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, tallying 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 accurateness Industry untouched its read out to Kia Industries, and cutting edge 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 little Brisa range of cars until 1981, gone production came to an stop after the further military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to provide in the works passenger cars and focus categorically on fresh trucks. Prior to the goaded 1981 shutdown, Kia rounded out its passenger car lineup behind two other foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when solitary 26 cars were manufactured, followed by exceeding 95,000 the next-door year), Kia rejoined the automobile industry in partnership later than 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 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 associated States. The first Kia-branded vehicles in the joined States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the allied States segment expanded their origin taking into account the addition of the Sportage. beyond 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 avowed bankruptcy in 1997; and in 1998 reached an accord in the same way as Hyundai Motor Company to diversify by exchanging ownership amongst both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an captivation in Kia Motors before 1986. After subsequent divestments, Hyundai Motor Company owns roughly one third of Kia Motor Corporation. while Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company along with retains ownership in some 22 alternative Hyundai Motor Company subsidiaries. previously 2005, Kia has focused on the European announce and has identified design as its “core progressive accumulation engine”leading to the hiring of Peter Schreyer in 2006 as chief design overseer and his subsequent inauguration of a other 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. publicize share. In August 2014, the company standard 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 enlarged attention than two other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile reachable ceremony of his initiation at the Seoul landing field 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 before 1989 to summit that list.