Tempe Kia Service– 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, with the Hyundai Motor Company, next 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 more than US$6 billion. Kia in viewpoint is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, count 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 precision 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 reforest in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, later production came to an end after the additional military dictator Chun Doo-hwan enforced industry consolidation. This goaded Kia to find the money for up passenger cars and focus completely on fresh trucks. Prior to the motivated 1981 shutdown, Kia rounded out its passenger car lineup behind two further foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when lonely 26 cars were manufactured, followed by higher than 95,000 the bordering 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 other 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. previously then, Kia logically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the united States segment expanded their stock when the accessory of the Sportage. higher than one hundred Kia dealerships existed across thirty states by 1995, selling a cassette 24,740 automobiles.
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However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an agreement in the manner of Hyundai Motor Company to diversify by exchanging ownership amid both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an engagement in Kia Motors in the past 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 along with retains ownership in some 22 oscillate Hyundai Motor Company subsidiaries. past 2005, Kia has focused on the European push and has identified design as its “core highly developed accrual engine”leading to the hiring of Peter Schreyer in 2006 as chief design official and his subsequent creation 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. broadcast share. In August 2014, the company normal international attention once 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 extra vehicles used by the Pope, their Kia Carnival and Hyundai’s Santa Fe, because it appeared in the high-profile nearby ceremony of his introduction at the Seoul airport on 14 August. In 2016, Kia Motors model reliability was ranked first in the united States by J.D. aptitude and Associates, becoming the first non-luxury automaker in the past 1989 to summit that list.