Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Kia recalling 71,000 older U.S. Sportage vehicle for fire risks

Published 10/26/2022, 07:36 AM
Updated 10/26/2022, 04:57 PM
© Reuters. FILE PHOTO: The logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Picture taken on June 1, 2021.   REUTERS/Kim Hong-Ji

By David Shepardson

(Reuters) - Kia will recall 71,000 2008-2009 model year Sportage vehicles in the United States previously recalled in 2016 for fire risks and is advising owners to park outside until repairs are completed.

Kia said the recall fix is currently under development that will address the risk of a fire originating from around the Hydraulic Electronic Control Unit (HECU) that could occur while parked or driving. Kia has identified eight vehicle fires and 15 localized melting/damage incidents since 2017 in the Sportage sport utility vehicles that had previously had the 2016 recall repairs completed.

© Reuters. FILE PHOTO: The logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Picture taken on June 1, 2021.   REUTERS/Kim Hong-Ji

Owners should park outside and away from structures or other vehicles until the recall is completed, according to a Kia filing with the National Highway Traffic Safety Administration (NHTSA). Kia and NHTSA discussed the issue during monthly meetings in September and October.

Kia said the cause of the "post-recall fire incidents is unknown and still under investigation." The automaker said there are no fatalities, injuries or crashes associated with the incidents. Kia expects to notify owners by mail of the recall in late December.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.