Photo: original photo created by autoevolution
Kia and Hyundai haven’t been having the best of luck lately as the two companies have to pay a large amount of money to settle consumer lawsuits.
It seems that the two brands were bombarded with dozens of class-action lawsuits after U.S. customers found out that the companies sold 600,000 Hyundai and 300,000 Kia vehicles with overstated fuel economy ratings. Remember all those 40 mpg cars with "direct injection", they're more like 36 mpg.
As apologizing isn’t enough, the companies must pay around $400 million, the guys from Kia accepting to pay $210 million while Hyundai agreed on the sum of $185 million. Even so, things might change and take a different turn as the settlements are subject to court review sometime in 2014.
Till then, the brands plan to make amends with customers that bough vehicles such Hyundai Elantra or Kia Soul. "Kia Motors is a responsible company, and the proposed settlement enhances our goal of making things right for our customers by providing new reimbursement options," John Yoon, attorney for Kia Motors America.
“Kia Motors is fully committed to taking care of its customers, and today's settlement adds flexibility by adding lump-sum payment options to the transparent reimbursement program introduced last year,” he went on to say.
The final amount will be established according to how many of their customers will choose to receive the lump sum payments. Besides this, the two companies agreed on providing debit cards to compensate for the extra purchased gasoline.
As apologizing isn’t enough, the companies must pay around $400 million, the guys from Kia accepting to pay $210 million while Hyundai agreed on the sum of $185 million. Even so, things might change and take a different turn as the settlements are subject to court review sometime in 2014.
Till then, the brands plan to make amends with customers that bough vehicles such Hyundai Elantra or Kia Soul. "Kia Motors is a responsible company, and the proposed settlement enhances our goal of making things right for our customers by providing new reimbursement options," John Yoon, attorney for Kia Motors America.
“Kia Motors is fully committed to taking care of its customers, and today's settlement adds flexibility by adding lump-sum payment options to the transparent reimbursement program introduced last year,” he went on to say.
The final amount will be established according to how many of their customers will choose to receive the lump sum payments. Besides this, the two companies agreed on providing debit cards to compensate for the extra purchased gasoline.
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