The top U.S auto safety regulator said on Monday it will open an investigation into 3 million Hyundai Motor Co and Kia Motors Corp vehicles after reviewing reports of more than 3,000 fires that injured over 100 people. The National Highway Traffic Safety Administration (NHTSA) said the investigation is in response to a petition seeking a probe filed in June by the Center for Auto Safety. The investigation covers the 2011-2014 Kia Optima and Sorento and the 2010-2015 Kia Soul, along with the 2011-2014 Hyundai Sonata and Santa Fe.
The probe rekindles safety concerns about vehicles of the South Korean duo, who have already been investigated by the U.S. regulator and prosecutors over engine-related recalls. Hyundai and Kia together have recalled over 2.3 million vehicles since 2015 to address various engine fire risks. Hyundai Motor shares fell as much as 2.5 percent in morning trade in Seoul, while Kia Motors fell 1.1 percent.
To read full article: http://v.duta.us/XjVtKQAA