September 11, 2002, Wednesday
COMPANY NEWS; HYUNDAI SAYS IT MISSTATED SOME HORSEPOWER
Hyundai Motor America said it had published
incorrect horsepower ratings for more than one million
vehicles in marketing materials dating back a decade. The
company said 1.3 million vehicles in a number of model lines
were involved. The average overstatement was 4.6 horsepower.
''It has no impact on the safety or reliability of the
vehicles,'' the chief executive, Finbarr O'Neill, said in a
conference call late Monday. Hyundai Motor America, based in
Fountain Valley, Calif., is a subsidiary of the Hyundai Motor
Company of South Korea.
Published: 09 - 11 - 2002 , Late Edition - Final , Section
C , Column 1 , Page 3