News ID : 3958
Publish Date : 28 March 2020 - 08:58
Kia Motors is a Korean car maker, a subsidiary of Hyundai, and became the second-largest car maker in 2013 with 2.75 million vehicles. Kia Motors is South Korea's oldest automaker and currently has eight manufacturing plants, located in the United States, China, South Korea, Vietnam and Slovakia. The company is headquartered in Seoul and is listed on the Korean Stock Exchange. Hyundai Motor is the largest shareholder of Kia Motors with 33.9% of the shares.
Khodrocar - Kia Motors, Korea's oldest carmaker, began operating in 1944 with the production of metal wires and bicycles. In 1952, the company changed its name from Kia Sung Precision Industries to Kia, and soon began building motorcycles, trucks and cars.

In 1986, in collaboration with Ford, Kia Motors began exporting some Mazda models, such as the Mazda Family, to both the domestic and foreign markets. They also included the Kia Pride (based on the Mazda 121 model) and the Kia Avola, which were sold in the North American and Australian markets under the names Ford Fiesta and Ford Spider.

Kia Motors, which produced only 26 cars in 1986, increased its production to 95,000 in 1987 in just one year. In 1992, Kia Motors America launched in the United States and the first Kia-branded car was sold in the United States through four dealerships in Portland, Oregon, and in February 1994.

However, Kia's bankruptcy in 1997 came during the Asian financial crisis, prompting the company to be acquired by another Korean carmaker, Hyundai Motor in 1998 through the purchase of Ford shares, which in 1986 were part of the company. Had bought it, to be taken over.

In 1998, Kia Motors, under the management of Hyundai Motor Group, began exporting Kia cars. The Kia was a rival to the European Escort and Apple Astra models in the European market, which sold well in Europe for low prices. Then in the mid-1990s, the hatchback Mentor hatchback was released under the name Kia Shuma. The facelift made in 1999 kept Kia Mentor in the sedan.

Kia did not enter the family car market until the Kia Cruiser was manufactured, so the Cruiser was a four-door and sedan-class car introduced in 1999. Kia's successor to Kordos, the 2001 Kia Magentis, failed to revive Kia Kordos' popularity. Kia entered the MVP car market in 1999 with the Kia Sedona. At the time of launch, it was considered to be the cheapest car compared to other MPV class cars in the UK.

They went on sale until 2004, when the Kia Cerato was released, and this made Kia Motors, one of the world's leading car makers, into the competition. The Kia Sportage SUV has become popular all over Europe, but it was not until 2002 that Kia gained more sales through the launch of the Kia Sorento model. The carmaker has been focusing on the European market since 2005, selling its products over one million units. Kia Motors was named the second carmaker in South Korea by producing 2.7 million vehicles in 2013.

Kia was ranked # 1 in 2016 by JD Power & Partners as the most reliable car in the United States. For four consecutive years, Kia received the International Automobile Prize and the Top Brand Car Import Award to the United States. Since its inception in 1944 as a handmade bicycle parts manufacturing plant in the outskirts of Seoul, South Korea, Kia motors has been able to export Korean motor vehicles by claiming "the country's first car" as well as "exporting" for the past six decades. The first car from Korea to emerge.

The name "Kia" comes from a Chinese-Korean name that includes the words "ki" and "a". In short, the name of the company implies the meaning of "coming from Asia". Kia Motors has three manufacturing sites in South Korea and one plant in Slovakia, two plants in China, and an American subsidiary called Kia Motors America, which on October 20, 2006 was the first Kia product assembly plant in West Point, Georgia. A cost of over $ 1 billion was inaugurated.

Since 2005, Kia has been focusing on the European market and sales of its products have exceeded one million units and Kia Motors is now the most developed car maker in the continent, and this is just one of the company's successes in the European market.
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