South Korean automakers Hyundai and Kia have agreed to pay about 395M USD in order to settle lawsuits related to overinflating fuel economy numbers.
The entire debacle started more than a year ago and concerned 900,000 cars from 2011MY, 2012MY and 2013MY which had overstated mileage ratings. Eight Hyundai models and five Kia nameplates received the wrong mpg ratings and as a consequence about 53 lawsuits were initiated and then consolidated into a single case which was handled in the Los Angeles federal court.
Fast forward to today, Hyundai has agreed to pay an average of 353 USD to owners of approximately 600,000 cars, while 300,000 Kia owners will get about 667 USD. If we do the math, Hyundai will pay about 210M USD and Kia will have to part with 185M USD, according to the statements issued by the two companies.
The exact amount of money the two will have to pay depends on how many clients will choose to receive the lump sum payments. Owners who qualify for reimbursements have the possibility of either taking the payment or continue to take part in a reimbursement program initiated by Hyundai and Kia when the mpg figures were updated. This reimbursement plan consists of providing debit cards to compensate for the extra fuel clients had to acquire.
Source: autonews.com 作者: 雾桑 时间: 2013-12-26 12:44
