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Hyundai, Kia to recall nearly 1.5 million vehicles over engine issue

Hyundai, Kia to recall nearly 1.5 million vehicles over engine issue

Saturday, April 8, 2017, 11:26 AM

Hyundai Motor Co and Kia Motors Corp plan to recall 1.48 million vehicles in the US, Canada and South Korea due to engine issues, the latest blow for two firms already struggling in key markets. The recall could hit earnings with the recall costing each company as much as 250 billion won ($220.19 million), said Koh Tae-bong, an analyst at Hi Investment & Securities.
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