S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Cars and Drivers

Hyundai Recall, Another Black Eye

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

3159_1_2

After the mileage debacle Hyundai and Kia faced when they misstated, to their advantage, MPG on a number of their cars, the companies have been hit by another disaster.

According to USAToday.com:

Korean automakers Hyundai and Kia are recalling almost 1.9 million vehicles to fix problems with air bags and brake light switches.

The brake light recall covers the Hyundai Accent, Elantra, Genesis Coupe, Santa Fe, Sonata, Tucson and Veracruz. Also affected are Kia’s Optima, Rondo, Sedona, Sorento, Soul and Sportage. The vehicles are from the 2007 through 2011 model years.

U.S. safety regulators say a faulty switch can stop the brake lights from illuminating when drivers press the brake pedal. Also, the cruise control may not turn off when a driver steps on the brake.

The automakers will notify owners and replace the switches for free starting in June.

Kia sales have dropped like a rock in the first quarter, while most of the balance of the industry has had a banner year. March sales of Kia cars and light trucks fell 15% to 49,015. Hyundai sales for the month were down 2% to 63, 306. Really bad news for two companies that, up until recently, were the hottest in the car industry

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Subaru to Recall 1.3 Million Vehicles for Faulty Brake Light Switch
Paul Ausick |

Subaru to Recall 1.3 Million Vehicles for Faulty Brake Light Switch

Subaru could be recalling more than 2 million vehicles to fix a brake light switch that is susceptible to being…

Biggest Auto Recalls of All Time
Evan Comen |

Biggest Auto Recalls of All Time

[cnxvideo id=”878060″ placement=”ros”] Since the National Highway Traffic Safety Administration (NHTSA) was established in 1970, manufacturers of motor vehicles and…

Hyundai Recalls 305,000 Cars to Fix Brake Problem
Paul Ausick |

Hyundai Recalls 305,000 Cars to Fix Brake Problem

In a filing with the National Highway Transportation and Safety Administration (NHTSA), Hyundai Motor America said it would notify owners…

Paul Ausick |

GM Recalls More Cars and Court Orders Company to Release Files

Friday a federal judge ordered GM to release documents related to the ignition switch defect recall, and then on Saturday…

7 Worst Hyundai Tucson Years to Avoid
David Beren |

7 Worst Hyundai Tucson Years to Avoid

As one of the best-known vehicles in the Hyundai lineup, the Tucson has been a staple compact crossover SUV since…

Hyundai Recalls Close to 1 Million Vehicles
Chris Lange |

Hyundai Recalls Close to 1 Million Vehicles

Hyundai is finding itself in a tough spot on Thursday after the company announced that it will recall close to…

Car Brands With the Worst Recalls This Year
Sam Stebbins |

Car Brands With the Worst Recalls This Year

The average transaction price for new cars in the U.S. hit an all-time high of $48,043 in June 2022, according…

7 Chevy Silverado Years to Avoid
David Beren |

7 Chevy Silverado Years to Avoid

As America’s second most popular pickup truck, it’s common to see the Silverado everywhere. Sitting behind sales of the Ford…

The Biggest Complaint About America’s Most Popular Cars
Grant Suneson |

The Biggest Complaint About America’s Most Popular Cars

[cnxvideo id=”893003″ placement=”ros”]By and large, Americans are fond of their cars. According to a 2019 survey from Cars.com, 73% of…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820