After being fined by US, Hyundai recalls more vehicles

→ Move Your Money Before May 1 (From Stansberry Research) (Ad)

FILE- This combination of file photos shows the logo of Kia Motors during an unveiling ceremony on Dec. 13, 2017, in Seoul, South Korea, top, and Hyundai logo on the side of a showroom on April 15, 2018, in the south Denver suburb of Littleton, Colo., bottom. Hyundai and Kia will spend $137 million on fines and safety improvements because they moved too slowly to recall over 1 million U.S. vehicles with engines that can fail. The National Highway Traffic Safety Administration announced the penalties Friday, Nov. 27, 2020. (AP Photo, File)

DETROIT (AP) — A week after being fined by regulators for delaying safety recalls, Hyundai is recalling about 130,000 vehicles in the U.S. because the engines could fail.

The recall covers certain 2012 Santa Fe SUVs, 2015 and 2016 Veloster cars, and Sonata Hybrid cars from 2011 through 2013 and 2016. The vehicles have 2.4-liter, 2-liter or 1.6-liter engines.

The recall will address a manufacturing issue that could cause the connecting rod bearings to wear out and the engines to fail, Hyundai said. A damaged connecting rod could puncture the engine block, causing the engine to stall. It also could let oil leak onto hot surfaces, increasing the risk of a fire.

The failures are caused by machining debris that can restrict oil flow. Documents posted Friday on NHTSA's website say that owners could hear abnormal knocking sounds from the engine and see warning lights before any failure or fire.

The recall stems from discussions in a 2019 U.S. National Highway Traffic Safety Administration investigation into engine failures and fires, the company said.

NHTSA opened the probe after the nonprofit Center for Auto Safety filed a petition seeking the investigation. When the investigation began the agency said it had owner complaints of more than 3,100 fires, 103 injuries and one death.

Owners will be notified around Jan. 22. Dealers will inspect the engines and replace them if the bearings are damaged. All vehicles will get a knock sensor system to monitor symptoms that come before an engine fails.

Last week the NHTSA announced that Hyundai and affiliated Korean automaker Kia must pay $137 million in fines and for safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail. The fines resolve a three-year government probe into the companies’ behavior involving recalls of multiple models dating to the 2011 model year.


Hyundai will pay $54 million and invest $40 million to improve safety operations under an agreement reached with the agency. Another $46 million in penalties will be deferred as long as the Korean automaker meets safety conditions, NHTSA said.

Engine failure and fire problems with Hyundais and Kias have plagued the companies for more than five years, affecting the owners of more than 8 million vehicles.

→ Move Your Money Before May 1 (From Stansberry Research) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

Featured Articles and Offers

Search Headlines: