History of Kia
Kia Corporation, commonly known as Kia (Korean: 기아; Hanja: 起亞; RR: Gia; MR: Kia, IPA: [ki.a]; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second largest automobile manufacturer, after its parent company, Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019. As of 2015, the Kia Corporation is minority owned by Hyundai, which holds 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 a south-Korean car manufacturer founded in 1944 hasn't always been the economic unobtrusive brand it is today being bought out buy Hyundai in 1997 after it failed to make waves in its first few years. Kia has now made huge leaps and bounds despite its rocky start becoming super popular for its economical and futuristic looking vehicles. Their Models range from the cute Picanto, to the economic Rio, Stonic, and Soul. To the Crossover Cee'd Models. Then goes up to the sensible Optima, its Sportswagon, and its performance based Stinger. The company wouldn't be complete without its beloved SUV's however sporting the Niro, Sportage (ironic) and the Sorento. In standing with Kia's philosophy on practically and economy the company also has two MPV's or (Compact Mini-Vans) the Venga and the Caren's.