tiprankstipranks
Advertisement
Advertisement

Hyundai (HYMLF) Faces Fresh Safety Recall for 294,000 U.S. Vehicles

Story Highlights
  • Hyundai is pulling back 294,000 U.S. vehicles over defective seat belt anchors.
  • Mechanical problems remain a thorn in automakers’ flesh 
Hyundai (HYMLF) Faces Fresh Safety Recall for 294,000 U.S. Vehicles

South Korean carmaker Hyundai Motor (HYMLF) is once again issuing a vehicle recall in the U.S., this time covering 294,128 vehicles also linked to a seat belt issue.

Claim 30% Off TipRanks

According to the U.S. National Highway Traffic Safety Administration (NHTSA), Hyundai Motor America, the carmaker’s U.S. subsidiary, made the recall over faulty seat belt anchors that could lead to injury during a crash.

The vehicles affected are the Genesis G90, Hyundai Ioniq 6, Hyundai ​Santa Fe, and Hyundai ​Santa Fe Hybrid. NHTSA noted that Hyundai’s dealers will inspect the vehicles and fix or replace necessary components.

Automakers Struggle with Recalls

Hyundai’s latest recall comes over two weeks after the Seoul-based automaker recalled 46,787 of its Palisade SUVs in the U.S. over a seatbelt issue. The carmaker found that passengers could inadvertently damage the wiring harness inside the third-row driver-side seat belt buckle assembly when the seat belt buckle is pulled.

This could make the seat belt warning light indicate a false latch that could cause injury in a crash. The recall also covers Limited and Calligraphy trims of the SUVs.

In January, Hyundai Motor also pulled back about 84,000 vehicles in the U.S. to preempt the possible breakdown of their instrument panels and the likelihood of a crash. The recall impacted

U.S. Auto Safety Board Calls for More Oversight

Vehicle recalls over mechanical issues remain a reputational problem for automakers across the world. This week, General Motors (GM) and Ford (F) also recalled over 270,000 and 420,000 vehicles over rearview camera and windshield wiper issues, respectively.

Last month, the U.S. National Transportation Safety Board pushed for uniform performance standards and tighter oversight to improve the safety of automated vehicle technology.

What Is the Best EV Stock to Buy?

TipRanks’ Best Electric Vehicle (EV) Stocks tool shows that American EV maker Lucid (LCID) currently holds the biggest upside of roughly 52% despite analysts’ consensus Hold rating on the stock. The potential gain is based on an average price target of $13.38.

Disclaimer & DisclosureReport an Issue

1