Kia |
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1944: Kia began by making bicycles, moving on to motor cycles and three wheeled cargo trucks. 1973: Kia started making four wheeled trucks. 1980s: Kia formed links with Mazda (the Ceres small truck uses a Mazda engine and transmission) and Ford (building the Festiva small car). 1997: Kia Sportage 4x4 on sale in Australia. 1997: Kia fell into financial difficulty, the Korean Government taking a 30% share through the Government controlled bank. 1998: There were rumours that Hyundai might take-over Kia, and that Samsung had similar ambitions. 1998 October 21:
Hyundai won the bidding for Kia, the final deal put
to Kia's creditors |
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