🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Transport Canada says Hyundai Auto Canada guilty of safety violation

Published 04/18/2023, 12:14 PM
Updated 04/18/2023, 05:01 PM
© Reuters. FILE PHOTO: The Hyundai Vision T electric concept vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren

(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act.

Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine of $360,000.

"It is alarming that Hyundai failed to notify vehicle owners of a recall in a timely manner on six different occasions," Transport Minister Omar Alghabra said.

© Reuters. FILE PHOTO: The Hyundai Vision T electric concept vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren

The defects that affected nearly 300,000 vehicles were a part of the recalls issued by Hyundai in 2020 and 2021. Some of these recalls were safety risks related to possible vehicle fires, reduced braking performance and sudden loss of engine power.

"Hyundai Canada recognized that during the COVID pandemic, it was not meeting the precise timing requirements identified in the applicable regulations in a limited number of instances. However, we immediately corrected the issue and accepted responsibility," the company said.

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.