
Hyundai Motor Co. (OTC:HYMTF) and Kia Corp. (OTC:KIMTF) are recalling over 480,000 automobiles that are at risk of catching on fire, even if the vehicles have been turned off.
What Happened: The U.S. National Highway Traffic Safety Administration (NHTSA) issued a statement announcing the defects were identified in the 2014-2016 Kia Sportage, the 2016-2018 Kia K900 and the 2016-2018 Hyundai Santa Fe. According to a statement report, 357,830 Hyundai cars and 126,747 Kia models are at risk of spontaneous fires.