Automobile manufacturers Kia Motors Corp and Hyundai Motor Co are said to be recalling almost 1.5 million cars in the US and South Korea because of engine issues. This is the latest hit for these 2 firms after having to struggle with their sales in the market.
According to Reuters, the two automobile companies have already submitted their plans in recalling nearly 1.3 million cars because of an engine defect that would cause the vehicles to stall. A South ministry official said that metal debris in the crankshafts can result in the damage of the engine which leads to the possible stalling of the engine.
In a statement given by the two automobile companies, they mentioned that "the recall is related to a manufacturing process problem, not the structural problem of Theta 2GDi engines and they have completed improvements through appropriate measures."
This issue is not the first time for both of these automobile manufacturers. It will be remembered that in 2015 they were already forced to recall their vehicles due to the defects that were seen in their Theta engines which were actually manufactured by these companies themselves. During that year, Hyundai Motors have recalled almost 470,000 defective Sonata sedans in the US and replaced the faulty engine parts.
Owners of the vehicles to be recalled should contact their Kia and Hyundai dealers to have their engine inspected and be replaced should there be any issues. Meanwhile, Hyundai will be replacing the defective units with a new vehicle after the inspection. The recall will start on May 22 in South Korea.
The plan to recall the defective cars must be approved first by the US authorities. Once they are approved, the two automobile companies will be recalling the 2013 and 2014 models of Hyundai Sonata and Hyundai Santa Fe. On the other hand, Kia will be recalling 2011-2014 models of Kia Optima, 2011-2013 models of Kia Sportage, and 2012-2014 models of Kia Sorento. This recall will definitely hit their earnings by almost $220.19 million according to an analyst from Hi Investment and Securities, Koh Tae Bong. Both companies have no comment as to how much is the cost of this recall.
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