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Insider trading ahead of Hyundai-Kia MPG debacle suspected

Reuters is reporting that large-scale insider trading may be at the heart of some particularly fishy stock-selling behavior, just prior to the original announcement about the Hyundai-Kia fuel economy ratings debacle.
On November 1st, Hyundai-Kia shares traded roughly 2.2 million times (the single highest-volume day of the year), and the stock price fell by about four percent. For reference, a standard daily trading volume for the stock in 2012 saw about 600k shares trading hands. On November 2nd, the company made public the bad news about the dropping fuel economy ratings for many of its models. In other words: No one outside of the company (and only a smallish group inside the company, we'd imagine) should have known anything about the impending bad news as of the first day of November. After the announcement, the stock price tanked, as you'd expect, and trading volume was way down as well.
Experts seem fully aware that the whole thing reeks of leaked information and subsequent insider trading. If chicanery on this sort of scale seems wacky to you, you'd be inline with the experts who report to Reuters that the level of trading is absolutely suspicious.

2015 Hyundai Genesis recalled to replace tires

The Basics: Hyundai is recalling 11,142 examples of the 2015 Genesis sedan with production dates between March 3, 2014, and February 9, 2015. The Problem: The models have Hankook Ventus S1 noble2 tires that can develop cracks in the sidewalls, which could cause them to rupture or leak air. Injuries/Deaths: None reported, Hyundai spokesperson Jim Trainor told Autoblog. The Fix: Dealers will replace the tires. If You Own One: Hyundai expects to begin the recall on February 19. RECALL Subject : Tires May Develop Cracks in Sidewall Report Receipt Date: DEC 22, 2015 NHTSA Campaign Number: 15V864000 Component(s): TIRES Potential Number of Units Affected: 11,142 All Products Associated with this Recall Vehicle Make Model Model Year(s) HYUNDAI GENESIS 2015 Details Manufacturer: Hyundai Motor America SUMMARY: Hyundai Motor America (Hyundai) is recalling certain model year 2015 Genesis vehicles manufactured March 3, 2014, to February 9, 2015, and equipped with Hankook Ventus S1 noble2 tires installed as original equipment. The affected tires may develop cracks in the tire sidewall, resulting in a loss of air. CONSEQUENCE: Tire sidewall cracks could cause a rupture during use, resulting in a rapid air loss and loss of vehicle control, increasing the risk of a crash. REMEDY: Hyundai will notify owners, and dealers will replace the factory tires with tires of another brand, free of charge. The recall is expected to begin on February 19, 2016. Owners may contact Hyundai customer service at 1-855-671-3059. Hyundai's number for this recall is 138. NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov. Related Video:

Hyundai to build test facility at N"urburgring

It looks as if Hyundai is set to build a test facility at the famous Nürburgring. Carscoop reports the Korean automaker has commenced construction on a 10,000-square-foot test center with access to the lengthy German track. Hyundai says the $7.3 million facility will help the company focus on improving the ride and handling of its vehicles through extensive research and development.
Sounds like a plan to us. While we've seen Hyundai vehicles improve on many fronts over the past few years, the company continues to struggle with suspension refinement compared to its Japanese, German and domestic rivals.
Automakers routinely flock to the Nürburgring for testing and development thanks to the track's unusual attributes. With a variety of surfaces, banking, turns, elevation and even weather, the circuit offers engineers the ability to put a vehicle through its paces in a wider range of conditions than most facilities.