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Hyundai Recalls 205,233 SUVs in U.S. on Front Air-Bag Defect

Hyundai Motor Co. (005380) said it’s recalling 205,233 Santa Fe and Veracruz sport-utility vehicles in the U.S. because front air bags may not deploy when needed.

Hyundai, based in Seoul, said the electrical parts used to deploy air bags may not conduct current properly, causing them to not work in a crash. The automaker announced the recall today on the National Highway Traffic Safety Administration website.

The recall includes 178,685 Santa Fes and 26,548 Veracruzes, Hyundai told the regulator in a Sept. 8 letter posted on the website.

The company said it has received about 7,800 warranty claims for air-bag defects in the vehicles and isn’t aware of any accidents or injuries caused by it.

In the year model 2007-2008 SUVs being recalled, the clock spring contact assembly for drivers’ front air bags may become damaged, leading the air bag’s electrical circuit to experience high resistance and potentially causing it to not deploy, Hyundai told the regulator. If this happens, the air-bag warning light on the instrument panel will turn on.

“Hyundai is voluntarily initiating this action to ensure the safety and quality of vehicles and the continued satisfaction of our customers,” Miles Johnson, a U.S.-based spokesman, said in an e-mail.

To contact the reporter on this story: Angela Greiling Keane in Washington at agreilingkea@bloomberg.net

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net

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Type Today 1 Mo
30-Year Fixed 3.76% 3.81%
15-Year Fixed 3.07% 3.05%
5/1-Year ARM 2.64% 2.71%
3/1 Year ARM 2.64% 2.67%
1-Year ARM 3.55% 2.78%
30 Year Jumbo 4.38% 4.42%
15-Year Fixed Jumbo 3.60% 3.63%
5/1-Year ARM Jumbo 2.89% 2.89%

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Type Today 1 Mo
30000 USD 6.42% 6.40%
Home Equity Loan 7.01% 7.47%
HELOC 30000 USD 5.53% 5.47%
HELOC Loan 3.95% 3.63%
Credit Union HELOC 4.30% 4.35%
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Type Today 1 Mo
5-Year 1.49% 1.49%
2-Year 0.90% 0.90%
6-Month 0.52% 0.52%
1-Month 0.11% 0.11%
5-Year Jumbo 1.49% 1.49%
2-Year Jumbo 0.87% 0.90%
1-Year Jumbo 0.72% 0.75%
6-Month Jumbo 0.48% 0.48%
1-Month Jumbo 0.11% 0.11%
See today’s average auto loan rates across the country. Source: Bankrate.com
Type Today 1 Mo
New 36 Month 3.09% 3.16%
New 48 Month 3.88% 3.28%
New 60 Month 3.32% 3.49%
Used 4.33% 4.37%
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Type Today 1 Mo
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Standard Fixed 14.43% 14.43%
Gold Variable 12.59% 12.59%
Gold Fixed 11.99% 11.99%
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