Who is kia owned by

This agreement took place in Ford owned significant Kia interest since , however, the Hyundai deal changed that and the company became a wholly Korean car company. There have been divestments and trades to follow. We all know automotive industry finances are complicated at best. Today, as of December 31, , Hyundai Motor Company owns Additionally, however, Kia Motors owns stakes in 22 different Hyundai companies.

So who owns Kia? However, Kia also owns bits and pieces of Hyundai. Here are some facts about the company that you may not have known. Kia is a part of the Hyundai Motor Group that also has the Hyundai and Genesis brands of passenger cars in its portfolio. For the latest auto news and reviews , follow carandbike.

Home News Who Is Kia? Who Is Kia? View Photos. China Vehicle Sales Fall 9. Maruti Suzuki Celerio Hatchback, The vehicles produced included the Mazda , the Avella, and the Kia Pride. Kia Motors America began in The very first vehicles were sold through the first four dealerships, located in Portland, Oregon. The company carefully expanded their reach, one area at a time. The dealers sold the Sephia to begin with. Within a few years, they grew the segment with the Sportage. By , they had more than a hundred dealerships located in 30 states.

They sold 24, vehicles at that time. By , the Asian financial crisis caused Kia to declare bankruptcy. Just a year later, Hyundai and Kia reached an agreement to diversify by creating a partnership between the two companies. To create this deal, Hyundai outbid the Ford Motor Company. They had a previous interest in the company since In exchange for the deal, Kia owns about 22 subsidiaries from Hyundai.

In , Kia received attention from the world when Pope Francis rode in a Kia Soul, one of their compact vehicles. This occurred during a five-day visit through South Korea. Hybrid and electric history for the company began in It became the first in the industry to take the Underwriters Laboratory environmental validation. The company unveiled its plug-in hybrid design. By , Kia Motors revealed their all-electric concept car.

They also planned to launch their new diesel 48V mild-hybrid powertrain. Two more of their vehicles placed in the small car segment: both the Kia Niro hybrid and the Kia Soul.

In the midsize car segment, the Kia Optima earned the honor of being a top pick. The Kia Cadenza was the winner in large cars. Kia offers numerous ways to protect drivers and passengers. There is also a full set of airbags on board.

These include the driver and passenger seat airbag. The seat belt pre-tensioner holds passengers in their seat during a collision. This helps them to remain safe. The best safety technology works to avoid impact. With the Lane Departure Warning System, the vehicle remains safely in its lane during reckless or drowsy driving situations. According to Wards Auto , Kia has the third lowest rate of recalls.

They came behind Porsche and Mercedes-Benz. Interestingly enough, they did rank high on the list of recalled cars with severe consequences.

That placed them at the top of the list for proactive manufacturers. In , Kia and Hyundai recalled 1. Then, in , Kia Motors Corp recalled more than , vehicles in the United States because an electronic glitch which might have prevented airbags from deploying in the event of a crash. There were six serious crashes where the airbags never deployed. On the J. Power Dependability Study , the Kia Rio was the top pick in the small car ratings. Consumer Reports also listed the company on the lower scale of the cost to own.

The company is no stranger to winning awards. Here are some of the most prestigious from the past few years. Kia has had its share of controversies over the years. They purchased land with unfairly advantageous conditions, like large tax incentives. This was against Mexican law, but had previously been approved by the head of Nuevo Leon state. Kia Europe. Discover our Frankfurt design center.

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