Kia | featured news

Korean automakers Hyundai and Kia are initiating one of their largest recalls ever – or more precisely, three separate service actions announced today that involve 1.9 million vehicles sold in the U.S. market since late 2006.

Hyundai and Kia overstated the gas mileage on most of their models from the past three years in an embarrassing blunder that could bring sanctions from the U.S. government and millions of dollars in payments to car owners.

Kuwait's sovereign wealth fund on Sunday said it has sold a $4.1 billion stake in Citigroup, according to a news report. The Kuwait Investment Authority said it made a profit of $1.1 billion from the sale, or a 36.7% return on the investment, Dow Jones Newswires reported, citing an emailed statement ...