Hyundai Motor shares sink on U.S. Sonata problem reports

 @ibtimes
on February 23 2010 9:48 PM

Shares in Hyundai Motor <005380.KS> lost more than 4 percent on Wednesday on reports it had stopped selling its new Sonata model in the United States due to problems with its door locks.

A Hyundai Motor spokesman told Reuters the company was looking into the reports.

Local news service Moneytoday said on Tuesday that Hyundai Motor's U.S. unit ordered a halt to sales of the new Sonata after notifying dealers of potential problems with the front door locks, citing U.S. auto industry media.

Shares in Hyundai Motor were down 3.85 percent to 112,500 won as of 0029 GMT.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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