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Who owns Kia?
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As of 2015, Kia is 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.
Oct 16, 2024 · The HMG was formed in 1998 when Hyundai Motors acquired 51% of Kia. In 2020, the HMG officially became the parent company of Hyundai and Kia. The HMG represents Kia, Hyundai, and affiliated companies and brands interconnected by complex shareholding arrangements. In 2023, Hyundai Motor Group ranked 3rd in global car sales.
Jul 4, 2024 · Kia is a subsidiary of Hyundai Motor Company, which owns a significant share of approximately 33.88%, showcasing the strategic partnership and synergy between the two companies. Founded in 1944, Kia’s journey from manufacturing bicycle parts to becoming a powerhouse in the automotive industry mirrors strategic growth and diversification ...
Mar 24, 2024 · Who Owns Kia? Breakdown of Ownership Structure. In 1998, as part of taking a controlling 51% stake in Kia, Hyundai Motor Company injected $8 billion into the struggling automaker. This laid the foundations for one of the world‘s largest auto groups. Present Ownership Structure of Kia Motors
Sportage, cee'd, Venga. Find out more information about investment, stock, business results, our Board of Directors, and other financial-related data about Kia.
Dec 6, 2021 · While Hyundai now owns only one-third of Kia, the companies have a strange ownership structure in which Kia also owns small stakes in several Hyundai companies, closely intertwining the companies.
Feb 27, 2023 · An agreement was signed, forging shared ownership of each other’s brands. For example, Hyundai owns a third (roughly 33%) of Kia Motors. Meanwhile, Kia also owned stakes of varying sizes (from a mere 5% to nearly 50% in some cases) in more than 20 different Hyundai subsidiaries.
