This Business News Story Was Uncovered By Us From: https://www.under30ceo.com/who-owns-kia/
Here is our latest blog post, that we thought would enlighten you with Informative tips and strategies that you can apply into your online startup operations, Our daily featured blog highlights, are all part of our coverage , on extracting, those hard to Get hold of reports to give you the most recent updates on exploring the dynamics of how remarkable people are generating passive income online and sharing their secrets with us here at Turnkeywebpublishing.com. We try our best to Dig up articles, just like this one, we have posted.
There are so many different car manufacturers that it is hard to choose which car you want. Some have unique features while others are luxury brands that can wow your friends and family. Today’s article is to focus on a particular car brand, specifically, Kia. Chances are that you have heard of Kia. Maybe you drove in one before. Or your parents had one. Regardless, the article below is focused on who owns Kia. With that said, let’s get started!
Founding of Kia
Kyungsang Precision Industry was the original founding name of Kia on June 9, 1944, in Korea. It had a focus on steel tubes and bicycle pieces. In fact, it created the first Korean bike in 1951. In 1952, the company changed its name to KIA and would build small motorcycles for Honda as well as Mazda trucks and cars in the 60s and 70s respectively.
However, much of this changed when in 1981 when military dictator Chun Doo-hwan took control and consolidated industries across the country. Kia was then forced to stop making cars and focus on trucks instead. It was then in 1986, Kia was able to start making cars again. They made just 26 that year, but the following year, they partnered with Ford and cranked out almost 100,000 cars. Kia’s partnership with America was fruitful and Kia Motors America was established within the borders of the United States in 1992, marking its incorporation.
The first Kia cars were sold in Oregon in 1992 and they started to expand. By 1995, Kia had over one hundred dealerships in thirty states.
Under New Management
Kia would suffer bankruptcy due to a financial crisis in Asia. Luckily for it, Kia was bought out by Hyundai Motor Company. HMC was able to acquire 51% of the company, having outbid Ford. After investments, HMC now owns a third of the company but is still the largest investor.
Since the early 2000s, Kia has been able to be a popular car brand in Europe and the United States. It would go on to have 15 years of consecu… Read More
Stay At the forefront of the latest trends, by keeping an eye on the Hottest start-up innovations that we post on daily, giving you the statistical analysis to make those Quick-thinking investment Judgments, to monetize gaps in the market. With expert analysis and up-to-the-minute coverage, you will never miss an opening in the marketplace, to find that goldmine trend that is just trending before it appears on the radar of your rivals , that is full of promise, that will translate into profits!!
