Parent organization: Hyundai Motor Company (33.88%)
Founder: Kim Cheol-ho
Founded: December 11, 1944, Yeongdeungpo-gu, Seoul, South Korea
Production output: 2.821 million units (2019)
Headquarters: Seoul, South Korea
Stock price: 000270 (KRX) ₩85,700 -700.00 (-0.81%)
15 Feb, 3:30 pm GMT+9 - Disclaimer
Subsidiaries: Dongfeng Yueda Kia, National Arab Motors Co.
Kia is a reliable car brand. Overall, RepairPal gives Kia a 4.0 out of 5.0 reliability rating and ranks it third overall for reliability (out of 32 brands). Is Kia more reliable than Toyota? Both Kia and Toyota are known for reliability, and both have a RepairPal reliability rating of 4.0 out of 5.0.
Honestly Kia isn't as bad as they used to be. Newer Kias are actually fairly reliable cars, good gas milage, and cheap to insure. The downside is they are kinda 'meh' to drive, they lose value really fast, and that reputation of being KIA aka "killed in action".
Although Hyundai is not the parent company to Kia Motors, there is some truth to the matter. Hyundai and Kia are both headquartered in South Korea, and Hyundai owns 33.8% of Kia Motors. When Hyundai made its first major purchase of Kia Motors stock in 1998, they acquired 51% of the company.
Is Kia better than Hyundai?
Though both models share platforms and components, the Kia Sportage comes out on top with an overall score of 8.5 out of 10, versus the Hyundai Tucson at 7.8. Both models offer a comfortable ride, spacious passenger cabin, a long warranty and easily mastered infotainment systems.
What Makes Kia's Inexpensive? Kia passenger cars were re-established in 1986 but they were on a strict budget. Kias are inexpensive simply because they're established in Seoul, South Korea. They don't have to pay tax to import to other countries.
Content created and supplied by: Beautiful_Vero (via Opera News )