Asia

 
 
In 1962, among the means to abide its First FiveYear Economic Development Strategy, the Korean government passed a regulation exempting from taxes imported components to assemble KD automobiles locally.
 
 In 1965, as an effect of the inducements, was founded Asia Motor Industries, which initially was involved in making military vehicles. That year, but, the business began discussions with Fiat and in 1969 it started to gather Fiat 124 models.
 
 It diversified into the SUV and large vehicles industry, including big and medium-duty trucks, specific military vehicles, lightweight cars, civilian jeeps, motor-vehicle parts, to add engines, and buses and minibuses. 
 
In 1973, the South Korean authorities started a strategy to encourage the creation of lowcost automobiles for export. Asia Motors was not able to fill the strategy's problems and was purchased by Kia in 1976.
 
The Australian Asia Motors vendors, now an independent organization called Asia Motors Australia, continues to work with the Asia Motors name but now sources its goods elsewhere.
 
Asia Motors Sectors, as Asia Motors traded, was a South Korean vehicle maker closed in 1999 and established in 1965. Since 1976, it was a subsidiary company of Kia Motors.
Read More ▼
Search for:

share on printerest contact us

Go Motors Blog


Top 10 Best Chevrolet Models of All Time

9 Unique Ways to Customize Your Car

How to Find the Best Tow Truck Companies

Car Repair at Home: 4 Easy DIY Fixes That Anyone Can Do

How to Diagnose Severe Car Problems (Even When You Don’t Know Anything About Cars)

Shady Car Mechanic Tricks You’ve Never Known Before

The Most Valuable Parts on a Car to Scrap

Your Guide to the New Skyactiv-X Engine from Mazda

7 Driving Techniques and Other Tips for Fuel Efficiency

View All Recent Posts
New Photo Galleries
LATEST NEWS
more news
LATEST CAR REVIEWS
more automotive reviews