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Hyundai shares dropped in the US for less than nine years – News.cz

The investigation was reported by Reuters, referring to the source familiar with the situation and the documents obtained. Hyundai and Kia in the United States have called nearly 1.7 million cars in 2015-2017 because of an engine failure that increases the risk of an accident.

According to the Agency's source, it is not yet clear whether investigating the way and efficiency of naming these cars will lead to driver accusations. In the case of allegations, Hyundai and Kia may have high fines, Reuters wrote. He also mentions the possibility of downloading more cars.

Prosecutor's Office Prosecutor cooperates with the US Department of Road Safety (NHTSA). The Ministry of Justice does not want to comment on whether the investigation is ongoing or not.

CNBC reminds that the US has previously investigated and imposed severe fines on Toyota or Volkswagen. In 2017, the US court dismissed allegations against Toyota after the car maker paid $ 1.2 billion ($ 27.3 billion), and admitted that it had insufficiently informed the public about the sudden unexpected acceleration of cars.

The fifth largest in the world

"There is a lot of uncertainty surrounding the investigation in the US If payments are made, this will not only lead to penalties, but will also damage image and sales," analyst Angela Hong from Nomura said.

The drop in shares and investors' fears also contributed to the sharp decline in passenger car sales in China in the first half of November.

Hyundai is the largest car maker in South Korea and together with its sister company Kia is the fifth largest car manufacturer in the world. In November 2008, Hyundai officially launched serial production of passenger cars in Nošovice in Frýdek-Místek.

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