Mexican Media Brands
U.S. Customers Win Fuel-Economy Cash Settlement from Hyundai
Hyundai Motor Co. has agreed to settle 38 consolidated federal lawsuits filed by American consumers who allege the company misled them about the fuel efficiency of its models.
#economics
Share
Hyundai Motor Co. has agreed to settle 38 consolidated federal lawsuits filed by American consumers who allege the company misled them about the fuel efficiency of its models.
Plaintiff lawyers say owners of about 600,000 Hyundai vehicles sold in the U.S. would each have the option of receiving an unspecified lump-sum payment.
The alternative will be to continue using the debit cards the South Korean carmaker issued in November after admitting that its fuel-economy ratings were overstated. The cards are meant to reimburse customers for their additional fuel expense.
Hyundai affiliate Kia Motors Corp., which has been sued on the same grounds, says it is considering whether to join the settlement. Kia distributed about 300,000 debit cards to vehicle owners late last year.
Hyundai and Kia disclosed last month that they had set aside $225 million and $187 million, respectively, to cover the cost of those cards. The companies say the faulty fuel-economy estimates were caused by flawed internal testing procedures.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.