Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
U.S. Stocks Tumble as Iran Peace Deal Uncertainty Spooks Markets 
9 Tips for Avoiding Tax Season Cyber Scams 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
Brown-Forman and Pernod Ricard in Merger Talks to Create World's Largest Spirits Giant 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Dollar Strengthens as U.S.-Iran Peace Talks Send Mixed Signals 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Hyundai issued a recall for over 390,000 vehicles sold in the U.S. and Canada. The South Korean automaker revealed there are issues on the engine that could cause fires.
Fox Business reported that based on the documents released by the U.S. National Highway Traffic Safety Administration on Tuesday, May 4, Hyundai will recall 203,000 units of its Santa Fe Sport SUVs from 2013 to 2015. This is said to be the largest recall for the company so far.
The issue with the engine
The NHTSA also advised owners of the affected Hyundai cars to park their vehicles outdoors since there are risks of fire. They were also asked to choose a spot far from structures, and they should follow this until the engines are fixed.
It was explained that a fire could break out because the brake fluid can leak into the anti-lock brake computer. When this happens, an electrical short may follow and eventually cause fires.
It was noted that problems with the brake computer already caused at least 18 fires across the United States but fortunately, no injuries were reported.
To address the defect, authorized Hyundai dealers will be replacing the fuse and, if necessary, the computer too. The repairs may begin in June when official notifications from the carmaker are sent to the owners.
Other Hyundai recalls this year
Aside from the Santa Fe SUVs, Hyundai also recalls 187,000 units of Elantra cars from 2019 and 2020, Kona from 2019 to 2021, and Velosters. All of them have 2-liter engines, and they are being recalled for fire and engine failure risks.
The vehicles with 2-0 liter engines are also said to potentially have an issue with the piston rings. It was said that the engines may have been placed in the cars with “inconsistently heat-treated” piston oil rings.
This problem can lead to more oil consumption that may develop into engine troubles, and the car will suddenly stall. Consumer Reports noted that owners may detect this issue if they notice the warning light in the panel followed by a knocking noise from the engine then a burning smell and smoke. Meanwhile, the repairs and parts replacement will be free during the recall period.
