Team Kia Nh– 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, like sales of exceeding 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 direction is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% stirring to 45.37%, toting 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 exactness Industry misused its broadcast to Kia Industries, and unconventional 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 small Brisa range of cars until 1981, subsequently production came to an end after the additional military dictator Chun Doo-hwan enforced industry consolidation. This irritated Kia to manage to pay for going on passenger cars and focus unquestionably upon fresh trucks. Prior to the provoked 1981 shutdown, Kia rounded out its passenger car lineup next two new foreign models assembled below license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when single-handedly 26 cars were manufactured, followed by beyond 95,000 the bordering 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 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 united States. The first Kia-branded vehicles in the associated States were sold from four dealerships in Portland, Oregon, in February 1994. since 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 origin similar to the accessory of the Sportage. higher than 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 stated bankruptcy in 1997; and in 1998 reached an accord in the manner of Hyundai Motor Company to diversify by exchanging ownership in the midst of both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an interest in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns nearly one third of Kia Motor Corporation. though Hyundai Motor Company remains Kia’s largest stakeholder, Kia Motor Company in addition to retains ownership in some 22 different Hyundai Motor Company subsidiaries. past 2005, Kia has focused upon the European shout out and has identified design as its “core highly developed addition engine”leading to the hiring of Peter Schreyer in 2006 as chief design governor and his subsequent instigation of a additional 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. shout out share. In August 2014, the company usual international attention in imitation of 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 new vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile welcoming ceremony of his initiation at the Seoul landing field upon 14 August. In 2016, Kia Motors model reliability was ranked first in the joined States by J.D. skill and Associates, becoming the first non-luxury automaker previously 1989 to top that list.