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Hyundai to recall 27,500 Genesis sedans over brake issue

Following an investigation launched by the National Highway Traffic Safety Administration earlier this week, Hyundai will reportedly recall 27,500 Genesis sedans due to braking problems. Roughly 40,000 Genesis sedans from the 2009 model year were originally under investigation, but this official recall affects vehicles from 2009 to 2012.
A Hyundai spokesperson told The New York Times that brake fluid may cause the brake control unit valves to corrode, which reduces braking power. Affected cars will have their brake fluid replaced, and if necessary, will have the control unit replaced, as well.
The original NHTSA investigation was launched after the government agency received 23 complaints from owners citing reduced braking power and increased pedal travel. One incident reportedly resulted in a crash, while another caused a driver to lose control of the car. NHTSA has not officially announced the recall as of this writing.

Hyundai recalling 140k Sonatas over seatbelts

Hyundai is recalling about 140,000 examples of the 2015 Sonata in North America to repair a problem with the front passenger seatbelt not latching. Specifically, the problem affects 129,000 of the sedans in the US and 10,401 in Canada. On these models, if the seatbelt tongue is forcibly inserted into the buckle at a certain angle, then it can jam and not latch. Only the front passenger side is affected, and driver would be notified because a warning light would illuminate on the dashboard. The safety campaign covers 2015 Sonatas with production dates between April 25 and December 4, 2014, according to a statement to Autoblog from Hyundai, but there are no reports of injuries from this issue. Owners will receive notification by mail in about a month. To fix the problem, dealers will inspect the part and repair or replace it as necessary. Hyundai has already notified NHTSA about the recall, but the campaign hasn't been added to the agency's website yet. Transport Canada has already posted some information about it, though. Related Video: Hyundai Statement: We recently notified NHTSA of a safety recall we are initiating in the U.S. to repair or replace the front passenger seat belt buckle in approximately 129,000 2015 Sonatas that were built beginning April 25, 2014 through December 4, 2014. We are initiating this action to ensure the safety and quality of the vehicles and the continued satisfaction of our customers. In some cases, if the front passenger seat belt "tongue" is inserted into the buckle forcibly at an angle, the buckle may jam, preventing the front passenger from fastening the seat belt. The front passenger's seat belt warning lamp will illuminate if the front passenger seat belt is not buckled while the seat is occupied. This condition does not result in partial latching of the belt and does not affect the driver or rear passenger seat belt buckles. There are no reports of injuries attributed to this condition.

Hyundai, Kia announce buyback plan for angry Korean investors

Hyundai's controversial decision last September to move its Korean headquarters to an expansive (and expensive) new facility was met with a swift backlash by shareholders. After making the biggest land purchase in South Korean history, the company's share price took a nine-point nose dive.
Now, in a bid to get back in the good graces of its stockholders, Hyundai and its subsidiary, Kia, will make a $615-million stock buyback plan. Reuters claims this is the first time in ten years that Hyundai has made a buyback offer with the explicit purpose of pumping up share prices.
The total deal bumped up Hyundai's share prices 5.7 percent while Kia is up two percent, although neither company has fully recovered from the battering that followed the headquarters announcement. It's unclear what else it will take for Hyundai to recover the ground it lost during the land deal.