Santa Fe

New Face of Foreclosure: Strategic Defaults

Attitudes toward mortgage default are shifting in America. People who've never missed a payment on anything in their lives are walking away from underwater homes, even when they can afford their monthly payments, because staying doesn't make financial sense. But how good a business decision is a strategic default?

Hyundai and Kia Recall 9,500 SUVs for Brake Problem

South Korean automakers Hyundai and Kia are combined recalling about 9,500 vehicles to repair a brake component that may cause brake fluid to leak, impairing braking ability, according to federal safety officials.

Hyundai Shifts Santa Fe SUV to Kia Plant in Georgia

Next month, Korean automaker Hyundai will begin building its popular Santa Fe SUV at a Kia plant in West Point, Ga., where its sister company makes the Kia Sorrento SUV. The move is expected to boost the number of workers associated with the plant from 1,900 to 7,000.