Mexican Media Brands
Appeals Court Restores Hyundai-Kia Fuel Economy Payout
A federal appeals court in California has restored a $210 million settlement for owners of Hyundai and Kia cars whose fuel economy ratings were inflated, Reuters reports.
#legal #economics #regulations
Share
A federal appeals court in California has restored a $210 million settlement for owners of Hyundai and Kia cars whose fuel economy ratings were inflated, Reuters reports.
The 6-year-old lawsuit stems from an investigation by the Environmental Protection Agency that concluded Hyundai Motor Co. and its Kia Motors affiliate inflated the fuel efficiency of 900,000 vehicles they sold in the U.S. in 2011-2013.
The companies agreed to a $210 million class-action settlement. But the deal was rejected in 2013 by a three-judge panel in California that said the lower court failed to consider whether variations in state laws would change the definition of the group covered by the settlement.
Last summer the court agreed to convene an 11-member panel to review the ruling. The court voted 8-3 to restore the original agreement, ruling that the plaintiffs had enough in common to be treated as a single group.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.