Back in December 2021, the National Highway Traffic Safety Administration opened an engineering analysis to investigate engine fires in Kia and Hyundai v.
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Hyundai Motor and its affiliate Kia said Tuesday they reflected 2.9 trillion won ($2 billion) worth of provisions in their third-quarter earnings, a move that could weigh on their September quarter bottom lines. Hyundai and Kia put aside the provisions 1.36 trillion won and 1.54 trillion won, respectively to resolve additional complaints involving the Theta II gasoline direct injection (GDi) engine and offer other customer services, the companies said in separate regulatory filings.