Korean auto giant Hyundai (NASDAQOTH: HYMTF ) and its corporate cousin Kia (NASDAQOTH: KIMTF ) , which said �Wednesday that they would jointly recall over 1.8 million vehicles in the U.S. to fix a faulty brake-light switch, now say they will expand the recall globally.
It's a necessary move: Any failure involving brake lights could obviously lead to accidents. But the recall, which is Hyundai's largest ever in the U.S., has raised concerns that the company's quality may have been sacrificed for quantity during the company's rapid global expansion.
Did Hyundai expand too rapidly?
A Reuters report on Thursday cited a number of well-placed sources calling Hyundai's quality control into question. They aren't the only ones: While Consumer Reports still rates the company's bread-and-butter Elantra and Sonata models as average or better for reliability, the company fell to 18th�(from 11th) in a key J.D. Power quality survey last year.
Top 10 Quality Companies To Watch In Right Now: Franklin Financial Corporation(FRNK)
Franklin Financial Corporation operates as a holding company for Franklin Federal Savings Bank that offers financial services to consumers and businesses. Its deposit products include passbook savings, money market savings, and money market checking, as well as certificates of deposit. The company?s loan portfolio comprises nonresidential real estate loans, multi-family real estate loans, one-to four-family residential loans, construction loans, land and land development loans, non-real estate loans, and second mortgages. It also offers a range of financial services, including mutual funds; debt, equity, and government securities; retirement accounts; insurance products; and fixed and variable annuities. Franklin Financial Corporation operates eight full-service retail banking offices in the Greater Richmond area of central Virginia. The company was founded in 1933 and is headquartered in Glen Allen, Virginia.
Top 10 Quality Companies To Watch In Right Now: Harris & Harris Group Inc.(TINY)
Harris & Harris Group, Inc. is a venture capital and venture debt firm specializing in seed, start up, early stage, and mid venture investments. It primarily invests in tiny-technology-enabled companies with a focus on nanotechnology, microsystems, and microelectromechanical systems technology. Harris & Harris Group, Inc. was founded in 1981 and is based in New York, New York with additional offices in Palo Alto, California and Los Angeles, California.
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Threegold Resources Inc. engages in the acquisition and exploration of mineral properties located primarily in the Abitibi and Gasp茅sie regions of Canada. It primarily explores for gold, copper, zinc, precious metals, rare earth mineralizations, lead, and silver. The company was incorporated in 2002 and is headquartered in Val-d�Or, Canada.
Top 10 Quality Companies To Watch In Right Now: CACI International Inc. (CACI)
CACI International Inc, through its subsidiaries, provides information solutions and services to the U.S. federal government and commercial markets in North America and internationally. The company offers enterprise information technology (IT) solutions and services for the design, development, integration, deployment, operations and management, sustainment, and security of clients� infrastructure; information solutions and services that automate the knowledge management lifecycle; and enterprise-level system solutions in the domain of procurement, financial, human capital, logistics, and supply chain management. It also offers intelligence, surveillance, and reconnaissance solutions; command and control solutions to support military, homeland security, law enforcement, border security, emergency response, and disaster relief missions; and develops and manages logistics information systems, and simulation and modeling toolsets, as well as provides logistics engineering se rvices. In addition, the company offers cyber security services that support preparing for, protecting against, detecting, reacting, and responding to the cyber threats; integrated security solutions and services for mitigating and countering the effects of natural, technological, and man-made hazards; geospatial solutions relating to defense, intelligence, homeland security, and commercial applications; and government investigation and litigation support solutions. Further, it provides healthcare IT solutions; identity management solutions; program management, and system engineering and technical assistance services to government program offices; mobility solutions and services; and planning, design, implementation, and management solutions that resolve technical or business needs for commercial and government clients in the telecommunications, education, financial services, healthcare services, and transportation sectors. The company was founded in 1962 and is headquartere d in Arlington, Virginia.
Top 10 Quality Companies To Watch In Right Now: Eratat Lifestyle Limited (FO8.SI)
Eratat Lifestyle Limited, an investment holding company, engages in the design, manufacture, and distribution of lifestyle fashion footwear; and design and distribution of lifestyle fashion apparel in the People�s Republic of China. The company offers its products under the ERATAT name. It also produces shoe materials, sports shoes, travel shoes, soles, and fabric bags, as well as manufactures various kinds of computer embroidery and dresses. Eratat Lifestyle Limited markets its products to specialty stores or shop-in-shops through its distributors and retailers. In addition, the company produces footwear products under the third party brands for sale to its export distributors. The company was formerly known as China Eratat Sports Fashion Limited and changed its name to Eratat Lifestyle Limited in July 2010. Eratat Lifestyle Limited was founded in 1983 and is based in Jinjiang City, the People�s Republic of China.
Top 10 Quality Companies To Watch In Right Now: Rhino Resource Partners LP(RNO)
Rhino Resource Partners LP produces, processes, and sells coal of various steam and metallurgical grades in the United States. The company holds interests in various surface and underground coal mines located in Central Appalachia, Northern Appalachia, the Illinois Basin, and the Western Bituminous region. As of December 31, 2010, it operated 10 mines, including 5 underground and 5 surface mines located in Kentucky, Ohio, and West Virginia. The company markets its steam coal primarily to electric utility companies as fuel for their steam-powered generators; and metallurgical coal for steel and coke producers. It also engages in mining limestone from reserves located at its Sands Hill mining complex and sells it as aggregate to various construction companies and road builders. The company was founded in 2003 and is based in Lexington, Kentucky.
Top 10 Quality Companies To Watch In Right Now: Flaherty & Crumrine/Claymore Preferred Securities Income Fd In (FFC)
Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Flaherty & Crumrine Incorporated. It invests in the fixed income markets of the United States. The fund employs quantitative analysis to create its portfolios. It benchmarks the performance of its portfolio against the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred Stock 7% Constrained Index. Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc. was formed on May 23, 2002 and is domiciled in the United States.
Top 10 Quality Companies To Watch In Right Now: Perficient Inc.(PRFT)
Perficient, Inc. provides information technology consulting services to various enterprise companies primarily in the United States. The company designs, builds, and delivers business-driven technology solutions using third party software products. Its solutions include business integration and service oriented architectures, enterprise portals and collaboration, custom applications, and technology platform implementations, as well as customer relationship management, enterprise performance management, enterprise content management, and business intelligence solutions. The company?s solutions enable its clients to operate a real-time enterprise that adapts business processes and the systems that support them to meet the changing demands of marketplace. Perficient, Inc. was founded in 1997 and is headquartered in Saint Louis, Missouri.
Top 10 Quality Companies To Watch In Right Now: Nevada Geothermal Power Inc. (NGP.V)
Nevada Geothermal Power Inc. operates as a renewable energy producer focusing on the development of CLEAN electrical power from high temperature geothermal resources. It holds leasehold interests in eight geothermal projects, including Blue Mountain, Pumpernickel, North Valley, and Edna Mountain in Nevada; New Truckhaven, East Brawley, and South Brawley in California; and Crump Geyser in Oregon. The company was formerly known as Continental Ridge Resources Inc. and changed its name to Nevada Geothermal Power Inc. in May 2003. Nevada Geothermal Power Inc. was founded in 1995 and is based in Vancouver, Canada.
Top 10 Quality Companies To Watch In Right Now: Indl Alliance Ins Com Npv(IAG.TO)
Industrial Alliance Insurance and Financial Services Inc., a life and health insurance company, engages in the provision of various insurance products, savings and retirement plans, and other financial products and services in the United States and Canada. The company offers various individual products and services, such as insurance products comprising life insurance, health insurance, disability insurance, and mortgage insurance products; and wealth management products, including registered retirement savings plans, non-registered retirement savings plans, registered education savings plans, tax free savings accounts, registered retirement income funds, life annuities, and fixed-term annuities, as well as segregated funds, mutual funds, and securities. It also provides various group insurance products consisting of employee plans, such as life and health insurance, accidental death and dismemberment, dental care insurance, short and long-term disability insurance, critic al illness insurance, home care insurance, and medical insurance; and creditor insurance products, such as life, disability, and critical illness insurance products to automobile and other motor vehicle dealers, and financial institutions. In addition, the company provides accidental death and dismemberment insurance, and other specialized insurance products to employers and associations, as well as travel and health insurance, and term life insurance to alumni associations and other affinity groups. Further, it offers mutual fund management, mutual fund brokerage, securities brokerage, trust services, investment management, and financial services brokerage. The company was formerly known as Industrial-Alliance Life Insurance Company and changed its name to Industrial Alliance Insurance and Financial Services Inc. in 2000. Industrial Alliance Insurance and Financial Services Inc. was founded in 1892 and is headquartered in Quebec City, Canada.