Hyundai Motor Co (005380.KS)
26 May 2017
Sat, May 20 2017
WASHINGTON/SEOUL U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday.
* Hyundai vows to cooperate 'sincerely' (Adds details of investigation, background)
SEOUL/WASHINGTON, May 20 U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million Hyundai Motor Co and affiliate Kia Motor Corp U.S. vehicles for engine problems, according to filings.
SEOUL, May 19 Hyundai Motor Co on Friday denied a media report that it is seeking to introduce a holding company structure.
SINGAPORE, May 18 Hyundai Motor denied a media report that it plans to decide next week whether to introduce a holding company structure.
YONGIN, South KoreaSouth Korean engineer Kim Gwang-ho flew 7,000 miles to Washington last year to do something he never dreamed he would: he reported alleged safety lapses at Hyundai Motor Co - his employer of 26 years - to U.S. regulators.
SEOUL South Korea ordered Hyundai Motor Co and affiliate Kia Motors Corp to recall 240,000 vehicles over safety defects flagged by a whistleblower - a sharp slap on the wrist that will exacerbate reputational woes for the automakers.
* Ministry asks for probe into whether there has been cover-up
SEOUL, May 4 China vehicle sales for South Korea's Hyundai Motor and Kia Motors Corp both tumbled more than 60 percent year-on-year in April, two sources briefed on the matter told Reuters, marking the second straight monthly drop due to political tensions.
SEOUL, May 4 South Korea's Hyundai Motor saw its China sales skid 64 percent to 35,009 vehicles in April from a year earlier amid political tension, two sources with direct knowledge of the matter told Reuters.