Kia Motors Corporation, commonly known as Kia Motors (Hangul: 기아자동차; Hanja: 起亞自動車, IPA: [ki.a], lit. "Kia automobile"; stylized as KIɅ), headquartered in Seoul, is South Korea's second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 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 over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion.
|Kia Motors Corporation|
|Kyungsung Precision Industry|
|Traded as||KRX: 005380|
|Worldwide (except Japan and North Korea)|
|Hyoung-Keun (Hank) Lee, Vice Chairman and CEO|
Han Woo-Park, President and co-CEO
Peter Schreyer, Chief Design Officer
|3,007,976 units (2016)|
|Revenue||KRW52.713 trillion (2016)|
|KRW3.442 billion (2016)|
|KRW2.755 billion (2016)|
|Total assets||KRW50.889 billion (2016)|
|Total equity||KRW26.759 billion (2016)|
Number of employees
|53,255 (as of December 2013)|
|Parent||Hyundai Motor Company (33.88%)|
|Revised Romanization||Gia Jadongcha|
According to Kia Motors, the name "Kia" derives from the Sino-Korean characters "ki" (起, "to come out") and "a" (亞, which stands for (East) Asia), it is roughly translated as "to come out of the east."
Kia was founded in December 1944 as Kyungsung Precision 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 name to Kia Industries, and later built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973, the Sohari Plant. Kia built the small Brisa range of cars until 1981, when production came to an end after the new military dictator Chun Doo-hwan enforced industry consolidation. This forced Kia to give up passenger cars and focus entirely on light trucks. Prior to the forced 1981 shutdown, Kia rounded out its passenger car lineup with two other foreign models assembled under license: the Fiat 132 and the Peugeot 604. Starting in 1986 (when only 26 cars were manufactured, followed by over 95,000 the next 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 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 United States. The first Kia-branded vehicles in the United States were sold from four dealerships in Portland, Oregon, in February 1994. Since then, Kia methodically expanded one region at a time. Dealers in 1994 sold the Sephia; and a few years later, the United States segment expanded their line with the addition of the Sportage. Over one hundred Kia dealerships existed across thirty states by 1995, selling a record 24,740 automobiles.
However, during the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an agreement with Hyundai Motor Company to diversify by exchanging ownership between 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 about one third of Kia Motor Corporation. While Hyundai Motor Company remains Kia's largest stakeholder, Kia Motor Company also retains ownership in some 22 different Hyundai Motor Company subsidiaries. Since 2005, Kia has focused on the European market and has identified design as its "core future growth engine"—leading to the hiring of Peter Schreyer in 2006 as chief design officer and his subsequent creation of a new corporate grille known as the 'Tiger Nose'. In October 2006, Kia Motors America broke ground for Kia Motors Manufacturing Georgia in West Point, Georgia, representing a US$1 billion investment for the company. Kia Motors Manufacturing Georgia opened in February 2010, after Kia recorded its 15th consecutive year of increased U.S. market share. In August 2014, the company received international attention when 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 bigger attention than two other vehicles used by the Pope, their Kia Carnival and Hyundai's Santa Fe, because it appeared in the high-profile welcoming ceremony of his arrival at the Seoul Airport on August 14. In 2016, Kia Motors model reliability was ranked first in the United States by J.D. Power and Associates, becoming the first non-luxury automaker since 1989 to top that list.
As of December 31, 2015, the Hyundai Motor Company owns a 33.88% stake in Kia Motors. Likewise, as of December 31, 2015, Kia Motors is owner in 22 different Hyundai companies. Its ownership percentages range from 4.9% up to 45.37%.
Kia Motors Corporation (KMC), founded in 1944, is South Korea's oldest manufacturer of motor vehicles and is now a subsidiary of the Hyundai-Kia Automotive Group. Over 1.5 million vehicles a year are produced in 13 manufacturing and assembly operations in eight countries. These are then sold and serviced through a network of distributors and dealers covering 172 countries. Kia today has 40,000 full-time employees worldwide and annual revenues of over US$14.6 billion. Kia Motors Corporation's brand slogan is "The Power to Surprise". From August 2009 until December 2012, the company was led by Hyoung-Keun (Hank) Lee.
Kia Motors America (KMA) is the American sales, marketing, and distribution arm of Kia Motors Corporation based in Seoul, South Korea. KMA is based in Irvine, California. KMA offers a complete line of vehicles through more than 755 dealers throughout the United States. For 2008, KMA recorded its 14th consecutive year of increased U.S. market share. In November 2009, Kia started production at the first U.S. Kia Motors plant, Kia Motors Manufacturing Georgia, in West Point. As of December 2011, the facility was building the 2012 Kia Sorento crossover vehicle and the 2012 Kia Optima sedan.
Kia Motors Europe (KME) is the European sales and marketing division of Kia Motors Corporation (KMC). It has been selling cars in Europe since the first half of 1991. In 2007, KME moved from its previous location at Hauptstrasse 185, Eschborn (near Frankfurt), to a new purpose-built facility adjacent to the Messe, in Frankfurt city centre. From 1995 to 1999, Kia produced left- and right-hand drive versions of the first generation Sportage SUV at the Karmann factory in Osnabrück, Germany. From 1999 until production of the model ceased in 2003, all Sportage production reverted to South Korea. When Kia launched in Europe during 1991, it initially sold only the Pride supermini—a rebadged version of the late 1980s Mazda 121. It initially proved popular with buyers, but sales fell towards the end of the decade, and the end of production was finally announced in May 2000, with its successor – the Rio – not going on sale for another year. By the end of 1991, Kia had sold nearly 1,800 Prides in the United Kingdom. The first full year, 1992, saw that figure double, and, in 1993, it increased again to nearly 5,500 units. The European range expanded in the spring of 1994 when Kia began importing the larger Mentor, a range of medium-sized hatchbacks and sedans which were marketed as inexpensive and well-equipped alternatives to the likes of the Ford Escort and the Vauxhall/Opel Astra. A facelift in 1999 saw the Mentor name retained for the saloon (sedan), but the hatchback was renamed Shuma. These models remained on sale until 2004, when the newer Cerato was launched and gave Kia one of its first serious competitors against mainstream brands. The Clarus saloon and Sedona MPV were also launched onto the UK market during 1999, helping Kia begin its rise in popularity. The Sportage SUV range, first sold in 1995, has been popular across Europe, but, since 2002, Kia has gained more sales in this market thanks to the launch of the larger Sorento. Despite Kia's range increasing from one car as late as 1993 to three cars by the end of 1995, British sales actually decreased in that period, from nearly 5,500 in 1993 to less than 4,000 the following year. In 1998, Kia's future in Britain was thrown into serious doubt when it sold less than 3,000 of its whole range – the worst in any full year on the British market. Kia did not enter Europe's large family car market until the launch of its Clarus four-door sedan in 1999—a year behind schedule due to the financial difficulties that Kia was facing before it was taken over by Hyundai. This car was similar in size to the Ford Mondeo and the Opel/Vauxhall Vectra, but, on its launch, was actually less expensive to buy than the smaller Focus and the Astra. It had a spacious interior, large boot, competitive asking price, and high equipment levels, but it had little more appeal to sway buyers away from established European brands like Ford, Vauxhall/Opel and Peugeot. Its successor, the Magentis, launched in 2001, was still nowhere near as popular as Kia might have hoped it would be, although with a sub-£14,000 asking price it offered the cheapest V6-engined car in the UK, by which time it was rare enough for a six-cylinder car to be priced at less than £20,000. Kia entered the MPV market in 1999 with the Sedona. On its launch, it was the lowest-priced, full-size people carrier on sale in the United Kingdom. With the range expanded by 1999, sales for that year reached almost 6,400 – more than double the previous year's total. That annual sales figure had almost been matched in 2000 by the end of May, reflecting Kia's growing popularity with British buyers. By 2009, Kia was firmly established as a popular brand in Britain, when sales broke the 50,000 barrier for the first time and the brand now had a share of more than 2% in the new car market. The Picanto was the most popular single model with nearly 17,000 sales. In late 2006, Kia opened its first own plant in Europe at a cost of approximately EUR 1.7 billion in Žilina, Slovakia, in the village of Teplička nad Váhom, after construction between October 2004 and December 2005. It has since produced over 2.5 million units of the Kia Cee'd, Kia Sportage and Kia Venga, as well as seven types of engines. In 2016, 339,500 cars and 612,915 engines were manufactured. The area of the plant is 166 ha and Mobis Slovakia, the largest supplier, is situated right on the carmaker's premises. As of December 31, 2016, 3,625 employees worked in the facility, while their average age was 35. The relatively low number of employees working in three shifts is related to a high degree of automation as well as high integration with Mobis Slovakia. In 2016, Kia Motors Slovakia recorded revenue of EUR 5.56 billion. Although the European car market knows significant difficulties, Kia announced increased sales in 2013.
The company has built a $1 billion manufacturing plant in the northern Mexican state of Nuevo León, which produces 300,000 cars a year. Details of the factory, built in the city of Pesquería, were revealed in a joint press conference given by Kia Motors CEO Hyoung-Keun Lee and the President of Mexico Enrique Peña Nieto in Mexico City on August 28, 2014. The plant was expected to be completed in the first half of 2016. This factory is involved in controversies because it was built on unevenly purchased land and the construction agreement was made with advantage conditions and out of the local dispositions to Kia.
The company is planning to enter the Indian market in 2019 with their 'Made for India' SUV- SP2 Concept. The company is currently building a production facility on a Greenfield land in Anantpur district, Andhra Pradesh. The expected annual production capacity is 300,000 units. Kia Motors appoints Kookhyun Shim as MD & CEO. In his new role, Shim will be responsible for leading the carmaker's expansion in the Indian market. Shim will play a leading role in ensuring KMI's projected timeline and schedule of operations is achieved. He will also oversee the construction of Kia Motor's first manufacturing facility in India, to help strengthen the company's position in the fifth largest global automotive market. Kia has committed investments to the tune of $1.1 billion to develop operations in India.
Kia Motors has specialized in the production of military vehicles with variants and other transportation equipment and by supplying them as a sole maker of military vehicles designated by the South Korean Government since 1976, when Kia Heavy Industry Co. Ltd. (now known as Hyundai Wia) was established. Kia is currently designing a Kaiser Jeep M715-type vehicle named the KM450 for the South Korean Army on license from the U.S. Government. Kia is also the owner of the former ex-Asia Motors factory at Gwangju.
Beginning in 2006 Kia identified design as its "core future growth engine" – leading to the 2006 hiring of Peter Schreyer and to the 2005 hiring Tom Kearns as Chief Design Officer. Schreyer had previously worked at Audi (designing the Audi TT) and Volkswagen and had won the Design Award of the Federal Republic of Germany. Kearns had previously worked at Cadillac as Chief Design Officer and was responsible for influencing Cadillac's direction of hard angles and sharp lines within their design. Schreyer has since been central to a complete restyling of Kia's lineup, overseeing design activities at Kia's design centers in Frankfurt, Los Angeles, Tokyo, and the Namyang Design Center in South Korea. With the Kee concept vehicle, shown at the Frankfurt Motor Show in 2007, Kia introduced a new corporate grille to create a recognizable 'face' for the brand. Known as the Tiger Nose, Schreyer indicated he wanted "a powerful visual signal, a seal, an identifier. The front of a car needs this recognition, this expression. A car needs a face and I think the new Kia face is strong and distinctive. Visibility is vital and that face should immediately allow you to identify a Kia even from a distance." Schreyer described how the Kia Tiger Nose came to be as he explained, "I was just working on the car and just thinking about different possibilities, and suddenly I found it." Commenting on the new signature grille in 2009: "From now on, we'll have it on all our cars". Kia has since featured the Tiger Nose on all of their vehicles, ranging from the compact Kia Soul, on to the edgy new design of the Kia Optima, and to the larger SUV, the Kia Sorento. Kia cars have won the International Car of the Year award every year since 2013.
In late 2012, Kia Motors was forced to admit error in inflating its United States Environmental Protection Agency mileage claims and had to reduce its fuel economy claims in the U.S. by about 3 percent across the board and to offer compensation to previous vehicle buyers.
Since 2014, Kia Motors has been involved in controversies in Mexico due to alleged irregularities in the construction of one of its manufacturing plants, located in the municipality of Pesquería, Nuevo León. The construction of the plant was done in irregularly purchased land, and the agreement between Kia Motors Mexico and the State of Nuevo León, then headed by Rodrigo Medina de la Cruz, was signed with unfairly advantageous conditions, such as bigger tax incentives than those allowed by Mexican law (tax exemptions for 20 years when the standard is 5), extended to the Mexican providers of Kia. A copy of the full agreement was published in Facebook by current Nuevo León governor, Jaime Rodríguez Calderón, as part of a prosecution case against Medina and he declared that the signed agreement with his predecessor would be cancelled. A new agreement was then reached with Rodriguez's administration on June 2016. Former governor Medina de la Cruz and 30 other officials of the former state administration were investigated by an anti-corruption prosecutor for alleged embezzlement, improper exercise of public functions and damage to Nuevo León State assets. Medina was then taken into custody on January 26, 2017, in relation to this case and others in which he is involved.
Kia Motors sponsors the following sports teams, events and athletes:
Asia Motors Industries, traded as Asia Motors (Korean: 아시아자동차, IPA: [aɕʰia dʑadoŋtɕʰa]), was a South Korean car manufacturer established in 1965 and closed in 1999. Since 1976, it was a subsidiary of Kia Motors.Automotive industry in South Korea
The automotive industry in South Korea is the sixth-largest in the world measured by automobile unit production and the fifth-largest by automobile export volume.
While its initial operations were merely the assembling of parts imported from foreign companies, South Korea is today among the most advanced automobile-producing countries in the world. Annual domestic output first exceeded one million units in 1988. In the 1990s, the industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology, but also signalling its coming of age.DYK
DYK or Dyk may refer to:
Dyk (surname) or Van Dyk, a surname
Dongfeng Yueda Kia, a joint automotive manufacturing venture between the Dongfeng Motor Corporation, Kia Motors, and Yueda
Underwater Demolition Command (Greek: Διοίκηση Υποβρυχίων Καταστροφών), Greek Navy's special warfare unit
Devil You Know (band), an American rock bandDongfeng Yueda Kia
Dongfeng Yueda Kia Motor Co., Ltd. is an automotive manufacturing company headquartered in Yancheng, China and a joint venture between Dongfeng Motor Corporation, Yueda Group and Kia Motors.Hyundai AutoEver
Hyundai AutoEver (Hangul: 현대오토에버) is an automobile sales internet company. It is part of Hyundai Motor Group.
It was established in 2000, with headquarters are in Seoul, South Korea.
Hyundai AutoEver is owned by the Hyundai Motor Company and Kia Motors to sell new cars on portal websites.Hyundai Mobis
Hyundai Mobis (short for Mobile and System) is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation (Korean: 현대정공/現代精工) in 1977, the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world's No. 6 automotive supplier."Hyundai Motor Group
The Hyundai Motor Group (IPA: [hjə́ːndɛ]; Hangul: 현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja: 現代自動車그룹 Hyeondae Jadong-cha Geurup) (stylized as HYUNDAI) is a South Korean multinational conglomerate headquartered in Seoul, South Korea, and it is the largest car manufacturer in the country.
According to the Organisation Internationale des Constructeurs d'Automobiles, it was the world's third-largest vehicle manufacturer by production volume in 2016, behind Japanese Toyota and German Volkswagen Group.The group was formed through the purchase of 51% of South Korea's second largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88% of Kia Motors.
The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group.
It is the second largest South Korean chaebol or conglomerate, after Samsung Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.
Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target. In 2017 the Group sold 7.25 million vehicles, the lowest since 2012.Kia Cadenza
The Kia Cadenza, marketed in South Korea as the Kia K7, is an executive sedan manufactured and marketed by Kia Motors. It was launched in 2010 to replace the Kia Opirus/Amanti.The sedan is available in South Korea, United States, Canada, China, Brazil, and the Middle East.Kia Classic
The Kia Classic is a women's professional golf tournament in southern California on the LPGA Tour. It debuted in 2010 at the La Costa Resort and Spa in Carlsbad, then moved north for a year in 2011 to the Industry Hills Golf Club at Pacific Palms in the City of Industry in Los Angeles County. The tournament returned to La Costa in 2012 and moved to Aviara Golf Club, also in Carlsbad, for 2013.
The title sponsor of the tournament is Kia Motors, a South Korean-based automobile manufacturer.
The winner of the inaugural tournament was Hee Kyung Seo, a member of the LPGA of Korea Tour (KLPGA). She became the 19th non-LPGA member in LPGA Tour history to win an LPGA Tournament and the first to win as a sponsor exemption since Jin Joo Hong won the KOLON-Hana Bank Championship in South Korea in October 2006. With the win, Seo became immediately eligible for LPGA membership and was a rookie on the LPGA Tour in 2011.
In 2011, the event was decided by the final pairing on the final green. With both players tied at 15-under, Sandra Gal hit a wedge to within two feet (0.6 m) of the hole and Jiyai Shin was four feet (1.2 m) out. Gal made hers for birdie to win her first LPGA event by a stroke.Kia Forte
The Kia Forte, known as the K3 in South Korea, the Forte K3 or Shuma in China and Cerato Vivaro in Colombia, is a compact car produced by Kia Motors since mid-2008. It replaced the Kia Cerato/Spectra and is available in two-door coupe, four-door sedan, five-door hatchback variants. It is not available in Europe, where the similar sized Kia Ceed is offered (except for Russia and Ukraine, where the Cee'd and the Forte are both available).
In some markets, such as Costa Rica, Australia and Brazil, the Forte is marketed as Kia Cerato replacing its predecessor of the same name. In Colombia and Singapore, the name Cerato Forte was used for the 2nd generation while Naza Automotive Manufacturing of Malaysia has assembled the vehicle since 2009, selling it there under the name Naza Forte.Kia KX3
The Kia KX3 or Kia Ao Pao (傲跑) is a subcompact crossover SUV manufactured exclusively for the Chinese market by Dongfeng Yueda Kia. The KX3 debuted as a concept on the 2014 Guangzhou Auto Show, while the production version made its debut in March 2015. The KX3 is based on the platform of the Hyundai ix25 and has a 1.6L. atmospheric or turbocharged engine. Pricing for the Kia KX3 Ao Pao ranges from 112,800 yuan to 186,800 yuan ($18,018 – 29,830). The facelifted Kia KX3 was launched on the 2016 Chengdu Auto Show in China with updates to the front and rear bumper designs.Kia Picanto
The Kia Picanto is a city car produced by the South Korean manufacturer Kia since 2004. It is also known as the Kia Morning in South Korea, Hong Kong, Taiwan (first two generations) and Chile, Kia EuroStar in Taiwan (first generation), Kia New Morning in Vietnam and the Naza Suria or Naza Picanto in Malaysia (first generation). The Picanto is primarily manufactured at the Donghee joint-venture plant in Seosan, South Korea, though some countries locally assemble complete knock-down versions of the car.Kia Soul
The Kia Soul is a front-engine, front-wheel-drive, five-door subcompact crossover SUV (Mini MPV) manufactured and marketed worldwide by Kia and now in its third generation.
Designed at Kia's design center in California, the Soul debuted at the 2008 Paris Motor Show and is manufactured in South Korea. Since 2014, Kia has marketed an electric variant as the Soul EV in North and Central America as well as Europe.Kia Sportage
The Kia Sportage is a compact crossover SUV (compact SUV until 2004) built by the South Korean manufacturer Kia since 1993.Kia Stinger
The Kia Stinger is a compact executive 5-door fastback manufactured by Kia Motors.Kia Stonic
The Kia Stonic is a subcompact crossover SUV manufactured by Kia Motors. Its name is derived from the words "speedy" and "tonic". The Stonic debuted in Frankfurt on June 20, 2017 and in South Korea on July 13, 2017, and was released in the fourth quarter of 2017.List of Kia design and manufacturing facilities
Kia Motors maintains a number of design and manufacturing facilities in its home country of South Korea, as well as the United States, Eastern Europe, China, Japan, Mexico and Vietnam.New Frontier Theater
The New Frontier Theater, known as the Kia Theatre between 2015 and 2018, is a multi-purpose events hall in the Araneta Center in Cubao, Quezon City, Metro Manila, the Philippines.Peter Schreyer
Peter Schreyer (born 1953) is a German automobile designer widely known for his design contributions to the Audi TT. He has been the chief design officer at Kia Motors since 2006 and on 28 December 2012, was named one of three presidents of the company. In November 2018 Schreyer was replaced by Luc Donckerwolke as the chief designer at Hyundai-Kia.In 2006, Car Design News called the Audi TT one of "the most influential automotive designs in recent time".
Kia Motors, a division of Hyundai Motor Group, automobile timeline, 1970s–present
|City car||Visto||Picanto (SA)||Picanto (TA)||Picanto (JA)|
|Brisa II/K303||Avella||Rio (DC)||Rio (JB)||Rio (UB)||Rio (YB)|
|Compact||124||Capital||cee'd (ED)||cee'd (JD)||Ceed (CD)|
|Sephia I||Sephia II||Cerato (LD)||Forte (TD)||Forte (YD)||Forte (BD)|
|Mid-size||Concord||Credos||Optima (MS)||Optima (MG)||Optima (TF)||Optima (JF)|
|Full-size/Executive||132||Enterprise||Opirus||Cadenza (VG)||Cadenza (YG)|
|604||Potentia||K9 I (KH)||K9 II|
|Compact SUV||Niro (DE)|
|Sportage (NB-7)||Sportage (JE/KM)||Sportage (SL)||Sportage (QL)|
|Mid-size SUV||Sorento (BL)||Sorento (XM)||Sorento (UM)|
|Mini MPV||Venga (YN)|
|Compact MPV||Joice||Soul (AM)||Soul (PS)|
|Carens (RS)||Carens (UN)||Carens (RP)|
|Large MPV||Carnival (KV-II)||Carnival (VQ)||Carnival (YP)|
|Pick-up||Bongo||Bongo Wide||Bongo Frontier||Bongo III/K-series|
|Granbird I||Granbird II|
Kia Motors, a division of Hyundai Motor Group, North American road car timeline, 1994–present
|* only available in Canada since 2010.|
Bus manufacturing companies of Asia