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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
Hyundai

Hyundai joins the recall bandwagon, calling back 883,000 cars

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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July 30, 2014, 2:57 PM ET
General Images Of South Korea's Economy As GDP Figures Are Released
The Hyundai Motor Co. logo is displayed on a Sonata hybrid vehicle at a dealership in Seoul, South Korea, on Wednesday, July 25, 2012. South Korea's economy grew at the slowest pace in almost three years as Europe's sovereign debt crisis capped demand for exports and weakened confidence. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesPhoto by Bloomberg—Getty Images
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Hyundai is jumping on the recall bandwagon.

The South Korean automaker is recalling about 883,000 mid-sized Sonata sedans in the U.S. and Puertro Rico over a defective transmission-shift cable, Reuters reports. The cars in question were manufactured between 2009 to 2014.

The transmission shift cable could detach from the shift lever pin, which increases the risk of a crash, according to the National Highway Traffic Safety Administration.

The car may roll away because of the issue, even when placed in park, resulting in potential harm to the driver and passengers.

A spokesman for Hyundai told Reuters the automaker is not aware of any injuries or accidents as a result of the issue.

Hyundai will now notify owners, according to the NHTSA, although a notification schedule has not yet been announced.

A host of automakers has issued auto recalls this year, most notably General Motors, which earlier this year recalled 2.6 million older small cars for a defective ignition switch that has been linked to 13 deaths.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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