U.S. prosecutors probe Hyundai, Kia vehicle recalls: source

FILE PHOTO: The brand of Hyundai Motor is seen on wall at a occasion in Mexico City, Mexico August 2, 2017. REUTERS/Henry Romero

SEOUL/WASHINGTON (Reuters) – U.S. prosecutors are investigating if Hyundai Motor (005380.KS) and affiliate Kia Motors’ (000270.KS) vehicle remembers over engine defects have been carried out correctly, in accordance with an individual with information of the matter and paperwork reviewed by Reuters.

The South Korean companies, collectively the world’s No.5 automaker, recalled almost 1.7 million automobiles in 2015 and 2017 within the United States in certainly one of their largest remembers within the nation, citing an engine failure that will increase the danger of a crash.

The U.S. Attorney’s Office for the Southern District of New York (SDNY), a part of the U.S. Department of Justice (DoJ), has launched the investigation, the source mentioned, asking to not be recognized because the matter is confidential.

The DoJ is coordinating with the U.S. transport regulator, National Highway Traffic Safety Administration (NHTSA), on the investigation, the source added.

The SDNY probe is along with an ongoing investigation by NHTSA into whether or not the Hyundai and Kia remembers lined sufficient automobiles and have been carried out in a well timed method.

NHTSA informed Reuters on Tuesday that it has “active” investigations into engine points associated to sure Hyundai and Kia automobiles. “These investigations are ongoing – no final conclusions have been reached.”

Nicole Navas Oxman, a DoJ spokesperson, declined to remark.

Hyundai additionally declined to touch upon the SDNY probe.

Reporting by Hyunjoo Jin in SEOUL and David Shepardson in WASHINGTON, Additional reporting by Diane Bartz; Editing by Himani Sarkar

Our Standards:The Thomson Reuters Trust Principles.

Source link reuters.com

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