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

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

Jan 25 2013, 9:48am CST | by

But will that be enough?

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...

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1 year ago

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

Jan 25 2013, 9:48am CST | by

But will that be enough?

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.

 

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<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.

 

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