Hyundai Mobis Co Archives | Be Korea-savvy
Hyundai, Kia Shares Plunge on U.S. Probe on Faulty Airbags

Hyundai, Kia Shares Plunge on U.S. Probe on Faulty Airbags

SEOUL, March 19 (Korea Bizwire) – Shares of Hyundai Motor Co. and its affiliate Kia Motors Corp. plunged Monday as the U.S. probe into airbag-related accidents raised worries over potential recall costs for the carmakers. The U.S. National Highway Traffic Safety Administration (NHTSA) and Hyundai Motor Group are jointly looking into why the two carmakers’ airbags failed to deploy in Hyundai Sonata sedans and some Kia Forte compacts that [...]