360° Coverage : Hyundai and Kia set aside $412 million for fuel efficiency fines

Hyundai and Kia set aside $412 million for fuel efficiency fines

But will that be enough?

Jan 25 2013, 9:48am CST | by

Hyundai and Kia set aside $412 million for fuel efficiency fines

Hyundai and Kia were forced to revise the window stickers on some of their vehicles after testing showed that they were unable to achieve the fuel efficiency promised. As you can imagine, there were a number of very angry owners out there and a number of claims cropped up alongside suits.

Reports are coming in that indicate Kia has set aside $187 million to settle claims from angry owners. That is in addition to the $225 million Hyundai has already set aside to settle claims of its own. I'll be surprised if that's enough money.

If the two carmakers stick to their original promise to make up the difference between the fuel economy achieved and fuel economy promised for the entire time an owner has the vehicle this will be an ongoing thing. I'm sure this'll work out to some sort of lowball one-time payment to owners.

 
 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

blog comments powered by Disqus

Latest stories

Hyundai is First to Offer Android Auto
Hyundai is First to Offer Android Auto
First car company to launch Android Auto on production vehicles, starting with the 2015 Sonata with Navigation. A software update available for current owners of 2015 Sonatas with Navigation.
 
 
2018 Lamborghini Urus SUV Announced
2018 Lamborghini Urus SUV Announced
The incredible Lamborghini Urus SUV is finally going to be manufactured. Lamborghini has officially announced to build the Urus for a 2018 market release.
 
 
Google Self-Driving Cars to Hit Public Roads this Summer
Google Self-Driving Cars to Hit Public Roads this Summer
Google announced today that Google Car prototype vehicles will leave the test track and hit the familiar roads of Mountain View.
 
 
First Self Driving Truck Unveiled by Daimler
First Self Driving Truck Unveiled by Daimler
Daimler is first to get a license for road use in the State of Nevada for an autonomous truck. Now truckers can sagely text while driving.