Kia Stinger
Staff member
An agreement Friday between 33 states, the District of Columbia and Hyundai and its Kia subsidiary settles the four-year cloud of mileage overstatement that resulted in fines and fees of almost $800 million.
An agreement between Hyundai and it subsidiary Kia Motors and attorneys general from 33 states and the District of Columbia has finally shut down a three-year saga that ended up with the automakers paying nearly $800 million in fees and fines.
The $41.2 million settlement, announced on Friday, closes investigations that began in 2011 when the automakers started overstating their fuel-economy ratings. The agreement marks the end of a drama that became public in 2012 with the disclosure that Hyundai and Kia had overstated the mileage figures on 1.2 million vehicles by as much as two miles per gallon.
The agreement was designed to prevent further legal action. The $41.2 million agreement with the states settles “consumer protection claims to cover their investigative costs,” Hyundai said in a statement. The automaker admitted no wrongdoing or violations of the law. Continue reading Hyundai, Kia Now Free To Move On From Mileage Issues...
An agreement between Hyundai and it subsidiary Kia Motors and attorneys general from 33 states and the District of Columbia has finally shut down a three-year saga that ended up with the automakers paying nearly $800 million in fees and fines.
The $41.2 million settlement, announced on Friday, closes investigations that began in 2011 when the automakers started overstating their fuel-economy ratings. The agreement marks the end of a drama that became public in 2012 with the disclosure that Hyundai and Kia had overstated the mileage figures on 1.2 million vehicles by as much as two miles per gallon.
The agreement was designed to prevent further legal action. The $41.2 million agreement with the states settles “consumer protection claims to cover their investigative costs,” Hyundai said in a statement. The automaker admitted no wrongdoing or violations of the law. Continue reading Hyundai, Kia Now Free To Move On From Mileage Issues...
