Hyundai Motor Group
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Is Hyundai the parent company of Kia?
Today, Hyundai operates Kia as part of the Hyundai Motor Group. In that sense, Hyundai is the parent company of Kia, as they鈥檙e the larger organization. However, while Hyundai initially purchased Kia by buying 51% of its shares, today it only owns one-third of the company.
What company makes engines for Kia Motors?
Kia Motors uses designs from the Global Engine Manufacturing Alliance. GEMA is a conglomerate of several large automotive brands, such as Hyundai and Mitsubishi, that allows its vehicles to use the same engine designs. In 1997, Kia Motors filed for bankruptcy, which resulted in Hyundai taking control of 51 percent of the company.
What happened to Kia Motors?
In 1997, Kia Motors filed for bankruptcy, which resulted in Hyundai taking control of 51 percent of the company. Hyundai is still considered the parent company of Kia Motors. This partnership has resulted in many Kia models using engines designed by Hyundai or by GEMA.
Who came first KIA or Hyundai?
However, Hyundai Engineering and Construction Company began in 1947, according to the Hyundai Motor Company Wikipedia. Hyundai Motor Company wasn鈥檛 founded until quite a bit later in 1968. So Kia definitely came first.