NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
Add as a preferred source on Google
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.
