Sunday, December 22, 2024
Amidst rising interest rates, Hyundai is strategically adjusting its Sonata and Elantra sedans to meet evolving consumer demands. By bolstering production and monitoring market dynamics, the carmaker aims to fortify its position and cater to the growing demand for budget-friendly options in the U.S. automotive market.
The National Highway Traffic Safety Administration (NHTSA) Office of Defects Investigation (ODI) scrutinizes a petition urging an inquiry into potential issues affecting Hyundai vehicles in the US, notably those with Hyundai’s 3.3-liter V6 engines. Dated February 2, 2024, the petition awaits ODI review, potentially leading to a recall of 60,049 vehicles if approved.
Hyundai initiates recall for 90,907 Genesis vehicles due to potential fire hazard linked to starter solenoid. Models affected include Genesis G70, G80, G90, and Hyundai Genesis. NHTSA warns of electrical malfunction from water infiltration. No accidents reported. Dealerships to install remedy relay kit free of charge.
Hyundai's $7.6 billion electric vehicle megaplant, set to open in October 2024 in Georgia, is ahead of schedule. Accelerating construction to qualify for the $7,500 EV tax credit, Hyundai aims to produce 300,000 electric vehicles annually. Collaborating with LG Energy for battery production starting January, Hyundai secures its position as the second-largest US EV seller, surpassing Ford and GM.
