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Hyundai-Kia Reach Settlement on False Economy Claims
Hyundai Motor Co. and its Kia Motors affiliate have agreed on a $41 million settlement with 33 states and the District of Columbia regarding their overstated fuel economy ratings on vehicles sold in the U.S. between 2011 and 2013.
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Hyundai Motor Co. and its Kia Motors affiliate have agreed on a $41 million settlement with 33 states and the District of Columbia regarding their overstated fuel economy ratings on vehicles sold in the U.S. between 2011 and 2013.
The deal is intended to end state-level litigation about consumer protection violations covering about 25% of the vehicles Hyundai and Kia sold in the U.S. over the three-year period. The companies overstated the combined city/highway fuel economy of the affected cars by 1-2 mpg.
The settlement comes after Hyundai-Kia agreed in 2013 to pay $395 million in consumer lawsuits and another $350 million fine to end investigations by the U.S. Dept. of Justice and Environmental Protection Agency into the overstated ratings.
Hyundai and Kia have attributed their inflated estimates to procedural errors. They did not admit in this week’s settlement to violating laws or any other wrongdoing.
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