Hyundai recalls due to fire risk prompt U.S. safety regulator audit
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- A string of recalls ordered by Hyundai Motor (OTCPK:HYMTF) and fellow Korean automaker Kia has prompted the National Highway Traffic Safety Administration to open a probe on the companies' responses.
- The recalls involving 6.4M vehicles involve leaking brake fluid that could catch fire. Hyundai (OTCPK:HYMTF) has said some of its automobiles' anti-lock brake system modules may leak brake fluid internally, potentially leading to an electrical short.
- NHTSA is conducting the audit to evaluate the automakers' decision making in the wake of identifying the problem and "and adherence with reporting requirements; and understand the varying defect descriptions and remedies between these recalls," Reuters reported.
- The news service added that in September, Hyundai (OTCPK:HYMTF) reported 21 fires and 21 other "thermal incidents" since 2017.