TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Hyundai Motor America and Kia America have announced a recall for over 280,000 units of specific models. The automakers are calling back sport utility vehicles due to fire risks.
As per Yonhap News Agency, Hyundai Motor and Kia’s recall are for vehicles that were sold in North America. The U.S. Department of Transportation said on Tuesday, Aug. 23, that the recall affects 245,030 units of Hyundai Palisade and 36,417 Kia Telluride. Both SUV units are part of the 2020-2022 models.
In the filing, the federal transportation agency also issued a “stop sale” this week. This is for the vehicles that are not yet sold but are affected by the recall. The units that are still in the processing facilities are also covered by the “stop sale” order.
“An accessory tow hitch sold through dealerships may allow moisture into the harness module, causing a short circuit,” the US Department of Transportation’s National Highway Traffic Safety Administration said in the announcement that was posted on Tuesday. “In some cases, an electrical short can cause a vehicle fire while driving or while parked and turned off.”
The NHTSA added, “As an interim repair, Hyundai dealers will inspect the tow hitch module and remove the fuse, as necessary. An interim repair is not available for Kia vehicles.”
It is fortunate that the agency or the automakers have not yet received any reports of injuries or crashes related to the issue. Moreover, the officials said that Hyundai Motor and Kia do not have an exact solution at this time because they are still working on the development of the right repair for the recall.
In the meantime, owners of Hyundai Palisade and Kia Telluride were advised to park their vehicles far from their homes and buildings. Until the units are properly repaired, they should be parked outside at all times. The carmakers will be contacting the owners through mail once the repair is available, and they could bring their SUVs to authorized dealers.
Meanwhile, Associated Press News reported that Hyundai Motor and Kia already reported 25 incidences of fires and melting in the U.S. and Canada. The dealers will be checking the wiring and taking out the fuse while a final repair process is being developed.
