BYD July Global Vehicle Sales Rise 22% as Overseas Demand Surges 
Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race 
Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
Chery Invests $75 Million in KG Mobility to Expand Global Automotive Partnership 
AstraZeneca, Bristol Myers Squibb Explore Mega Merger Worth Nearly $400 Billion 
Telegram Restored on Apple App Store After Temporary Removal 
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation 
Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
Toyota Raises FY2027 Outlook, Announces ¥1 Trillion Buyback Despite Q1 Profit Dip 
Boeing Stock Jumps as FAA Certifies 737 MAX-7 After Years of Regulatory Review 
BHP Port Hedland Strike Set to Proceed as Wage Talks Continue 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
BMW Korea, Hyundai, and three other carmakers reportedly issued recalls on their respective vehicle model for defective parts. It was said that the five companies are voluntarily recalling the affected units.
As per Yonhap News Agency, a total of 238,914 vehicles would be called back, and this was revealed by the transport ministry in South Korea on Thursday, April 1. This is the latest issuance of vehicle recalls in the country due to various issues related to the vehicles’ components.
The list of companies in the recall
Aside from the mentioned BMW Korea and Hyundai Motors, the others are Kia Corp., Fiat Chrysler Automobiles N.V. (FCA) Korea, and Ford Sales & Service Korea Inc. The given number of the models in the recall is the combined total for all five companies.
The country’s Ministry of Land, Infrastructure, and Transport stated that 39 models from these brands had been listed with faulty parts. One of the cited problems is the defective exhaust gas recirculation or EGR that was found in BMW's 520d sedan.
The malfunctioning high-pressure fuel pipe in Hyundai’s Genesis G80 and G70 sedans was also mentioned in addition to FCA Korea’s 300C car’s flawed crankshaft wheel. The five vehicle manufacturers will be providing services for the needed repairs and parts replacements.
To have their vehicles checked and fixed, owners must visit the authorized service centers. Apparently, the parts replacements will be for free.
More details about the recall
Pulse News reported out of the more than 238,914 vehicles, the majority of the units are from BMW Korea. It was said that the company is recalling 221,172 units, and 31 models are affected. The exact models of the recalled ones were not listed in the report except for the 520d.
For Kia and Hyundai Motor, these will be recalling 2,473 cars and involves four models. The issue here is the fuel pipes that could cause fuel leaks that may lead to a fire.
Hyundai is calling back 12,119 units for the increase in the risk of catching fire due to a problem with the hydraulic electro control. Lastly, Ford discovered a defect in the front wheel suspensions bracket, and this affects 2,790 models of Explorer and Taurus. Car owners will get notifications for the recall through text messages or emails.
