1996: Kia Motors Corporation of South Korea is the second largest automotive company (after Hyundai) from the country that is taking over the mantle of "value for money" car-maker as the Japanese Yen strengthens.
Kia began by making bicycles in 1944, moving on to motor cycles and three wheeled cargo trucks. It started making four wheeled trucks in 1973. In the 1980s Kia formed links with Mazda (the Ceres uses a Mazda engine and transmission) and Ford (building the Festiva).
These are rather utilitarian vehicles and Kia is distributing the more up-market Kia Sportage itself through Kia Australia.
Kia has also shown the novel Neo Mattina 4WD concept vehicle at motor shows, demonstrating that it has some imagination.
1997:
Kia fell into financial difficulty,
the Korean Government taking a 30% equity stake
with the Government controlled bank.
1998:
There are rumours that
Hyundai
may take-over Kia, and that Samsung has similar ambitions.
1998 October 21:
Hyundai
won the bidding for Kia, the final deal to be put to
Kia's creditors on 17 November [-Kia]
1998 December 1:
Hyundai and Kia formally sign the contract.
2000 March 1:
Ateco Automotive Pty Ltd
take over distribution of Kia vehicles in Australia,
a task formerly carried out by Kia Motors Australia.
Go to the
prices,
Kia Sportage 4x4,
Optima,
Spectra,
Rio hatch,
Carnival people mover,
Retona,
Rocsta
(specifications),
Kia Ceres or
Neo Mattina
pages