2006 Hyundai Sonata Gls on 2040-cars

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Insider trading ahead of Hyundai-Kia MPG debacle suspected

Reuters is reporting that large-scale insider trading may be at the heart of some particularly fishy stock-selling behavior, just prior to the original announcement about the Hyundai-Kia fuel economy ratings debacle.
On November 1st, Hyundai-Kia shares traded roughly 2.2 million times (the single highest-volume day of the year), and the stock price fell by about four percent. For reference, a standard daily trading volume for the stock in 2012 saw about 600k shares trading hands. On November 2nd, the company made public the bad news about the dropping fuel economy ratings for many of its models. In other words: No one outside of the company (and only a smallish group inside the company, we'd imagine) should have known anything about the impending bad news as of the first day of November. After the announcement, the stock price tanked, as you'd expect, and trading volume was way down as well.
Experts seem fully aware that the whole thing reeks of leaked information and subsequent insider trading. If chicanery on this sort of scale seems wacky to you, you'd be inline with the experts who report to Reuters that the level of trading is absolutely suspicious.

Hyundai recalls about 980,000 Sonatas for seat belt detachments

The Basics: Hyundai is recalling 977,778 Hyundai Sonatas and Sonata Hybrids for seat belts that could detach from their anchor pretensioners, which could lead to an injury. The recall affects 2010- cars including 2011-2014 standard Sonatas built from December 11, 2009 to May 29, 2014 and 2011-2015 Sonata Hybrids built from December 2, 2010 to January 9, 2015. The Problem: During manufacturing, some Sonatas may not have had the seat belt properly attached to the anchor pretensioner. According to NHTSA recall information, the seat belt is connected to the anchor after the latter has been installed, and it is possible that the seat belt didn't completely latch onto the anchor during assembly. If the seat belt was not properly attached, it can separate from the anchor during a collision, potentially leading to an injury. Injuries/Deaths: Hyundai has reported one injury to NHTSA. No deaths related to the recall have been reported. The Fix: Owners are asked to bring in their vehicles to dealerships to have the seat belt assembly inspected to make sure the belt is correctly latched. If not, the dealer will reattach it properly at no cost to the owner. If you own one: Hyundai will alert owners to the recall by mail starting April 7. Owners can also call Hyundai's customer service directly to ask about the recall at 1-855-371-9460. They can also enter their VINs at the NHTSA website to check if their car is included in the recall. Related Video:

Driving the Honda Ridgeline and marveling at Tesla | Autoblog Podcast #638

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Associate Editor Byron Hurd. They start off talking about why more people should buy the Honda Ridgeline, because it's a pretty darned good truck. Next, Byron talks about some Hyundais. He shares his experiences with the 2020 Sonata Hybrid and talks briefly about the prototype 2021 Elantra currently occupying his driveway. Up next, Jeremy shares his feelings about the BMW X1 crossover he spent some time with, prompting the gang to mull over the notion of BMW's modern interpretation of "Ultimate Driving Machine." After that, Byron talks about towing his 1990 Mazda Miata with the 2020 Infiniti QX80, and then they wrap up with some discussion of the mystery surrounding the Ford Maverick and some comments on the current state of Tesla. Autoblog Podcast #638 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Hauling dirt with the 2020 Honda Ridgeline Driving the 2020 Hyundai Sonata Hybrid Discussing the 2021 Hyundai Elantra Driving the 2020 BMW X1 Towing a 1990 Mazda Miata with a 2020 Infiniti QX80 News Ford Maverick tailgate stamping leaks; we may see the whole thing in 2021 Tesla reports profit for fourth straight quarter, setting it up to join S&P 500 Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: