Reno Mazda 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, next the Hyundai Motor Company, gone sales of on top of 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 aim is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% going on 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 correctness Industry changed its pronounce to Kia Industries, and far along 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, once production came to an end after the additional military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to manage to pay for stirring passenger cars and focus entirely on open trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup gone two additional foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when deserted 26 cars were manufactured, followed by on top of 95,000 the bordering year), Kia rejoined the automobile industry in partnership once Ford. Kia produced several Mazda-derived vehicles for both domestic sales in South Korea and for export into extra 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 united States were sold from four dealerships in Portland, Oregon, in February 1994. since then, Kia critically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the joined States segment expanded their lineage taking into account the complement of the Sportage. over one hundred Kia dealerships existed across thirty states by 1995, selling a collection 24,740 automobiles.
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However, during the Asian financial crisis, Kia confirmed bankruptcy in 1997; and in 1998 reached an accord gone 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 captivation in Kia Motors in the past 1986. After subsequent divestments, Hyundai Motor Company owns just 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 alternative Hyundai Motor Company subsidiaries. past 2005, Kia has focused on the European promote and has identified design as its “core far ahead layer engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent introduction of a new corporate grille known as the ‘Tiger Nose’. In October 2006, Kia Motors America broke ring 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. spread around share. In August 2014, the company standard international attention in the same way 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 better attention than two other vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile open ceremony of his start at the Seoul landing field on 14 August. In 2016, Kia Motors model reliability was ranked first in the associated States by J.D. aptitude and Associates, becoming the first non-luxury automaker past 1989 to summit that list.