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In November 2009, Kia started production at the first U.S. Kia Motors plant, Kia Motors Manufacturing Georgia, in West Point. Though the Kia Sorento crossover vehicle was the only model to be assembled there at first, the facility has since expanded its production lines to include the Kia Optima mid-size sedan, now sold as the K5, in 2011 and ...
From 2005 to 2009, Chung was the president of Kia Motors Corp, a subsidiary of Hyundai Motor, which owns 34% of Kia. According to Forbes, Chung is credited with the success of the Kia Cee'd in Europe along with the Soul and the Forte. [4] In October 2020, Chung became chairman of Hyundai Motor Group, and his father, Chung Mong-Koo, honorary ...
As of 2011, Hyundai owns 33.7% [5] of Kia Motors. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as; urban air mobility , autonomous driving , artificial intelligence , and robotics .
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
Chung Mong-koo (Korean: 정몽구; born March 19, 1938, in Kangwon Province) is a South Korean business magnate.He is the honorary chairman and former CEO of Hyundai Motor Group, Korea's second largest chaebol that manages 54 subsidiaries including Hyundai Motor, Kia Motors, and Hyundai Steel.
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