Hyundai recalls over 145,000 electrified US vehicles on loss of drive power
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Hyundai Motor is recalling approximately 145,235 electrified vehicles in the US due to a loss of drive power, as reported by the National Highway Traffic Safety Administration.
November 22, 2024 | 11:00 am
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Hyundai Motor is recalling 145,235 electrified vehicles in the US due to potential loss of drive power, which could impact consumer trust and sales.
The recall of a significant number of vehicles due to a critical issue like loss of drive power can negatively impact Hyundai's reputation and consumer trust. This could lead to a short-term decline in sales and stock price as investors react to potential costs and brand damage.
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