Pictures Of Kia Cars– 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, subsequent to the Hyundai Motor Company, considering sales of over 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 on top of US$6 billion. Kia in point is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% occurring to 45.37%, adding up more than US$8.3 billion.
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Kia was founded in December 1944 as Kyungsung truthfulness Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea’s first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung truthfulness Industry misused its say to Kia Industries, and progressive built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly tree-plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, taking into consideration production came to an end after the supplementary military dictator Chun Doo-hwan enforced industry consolidation. This motivated Kia to come up with the money for stirring passenger cars and focus definitely upon open trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup considering two extra foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when unaided 26 cars were manufactured, followed by beyond 95,000 the neighboring year), Kia rejoined the automobile industry in partnership subsequently 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 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 associated States. The first Kia-branded vehicles in the allied States were sold from four dealerships in Portland, Oregon, in February 1994. past then, Kia systematically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their line bearing in mind the auxiliary of the Sportage. greater than one hundred Kia dealerships existed across thirty states by 1995, selling a book 24,740 automobiles.
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However, during the Asian financial crisis, Kia stated bankruptcy in 1997; and in 1998 reached an attainment in the manner of 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 inclusion in Kia Motors past 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. even if Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company with retains ownership in some 22 oscillate Hyundai Motor Company subsidiaries. previously 2005, Kia has focused upon the European push and has identified design as its “core later increase engine”leading to the hiring of Peter Schreyer in 2006 as chief design bureaucrat and his subsequent opening of a extra corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke dome 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. promote share. In August 2014, the company normal international attention as soon 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 greater than before attention than two other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile manageable ceremony of his dawn at the Seoul airdrome upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. knack and Associates, becoming the first non-luxury automaker since 1989 to top that list.