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How Kia Pulled Off A Massive Turnaround

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For many of its early years in the U.S., Kia was a low-end brand and its cars were often criticized for poor quality, reliability and design. But a brush with bankruptcy and an investment from Hyundai, Kia grew fast, started winning awards, and became a highly desired brand. Sales have increased by three-fold in the US over the last 20 years. Now, it’s one of the most marked up brands in America. Vehicles like the Telluride, Stinger, Sportage, Sorrento and EV6 have become strong sellers and critical darlings. But Kia faces challenges. An EV sales surge in 2022 has given way to an around 30 percent decline in 2023. There are lawsuits from several U.S. cities over stolen vehicles, recalls over fire risks and a snub from the federal government looking to boost American EV manufacturing. So can the newly cool Kia brand keep up the momentum?

Chapters:
00:00 — Introduction
01:48 — Kia history
04:40 — Rebuild
09:29 — How it happened
13:39 — The future

Producer: Robert Ferris
Editor: Jacob Harrell
Senior Managing Producer: Tala Hadavi
Graphics: Christina Locopo, Alex Wood
Additional footage: Kia, Hyundai, Getty Images, North American Car Utility and Truck of the Year

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How Kia Pulled Off A Massive Turnaround
Category
Tech
Tags
CNBC, CNBC original, business
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