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

Lincoln Continental Concept Revealed
Lincoln Continental Concept Revealed
Ford unveiled the Lincoln Continental Concept car that signals the future of quiet luxury and the all-new full-size sedan coming next year.
 
 
Apple and BMW discuss Apple Car based on BMW i3
Apple and BMW discuss Apple Car based on BMW i3
What is the ugliest BMW? Correct. The BMW i3 electric car. A new report over the weekend in the German newspaper Süddeutsche says that Apple fell in love with exactly that ugly duckling. Earlier this month BMW...
 
 
Tesla Motors could Face Richard Branson as Competitor
Tesla Motors could Face Richard Branson as Competitor
Sir Richard Branson said that you might as well find Virgin compete with Tesla as Virgin does in the Space business this week at an Formula E racing event in Miami.
 
 
Nvidia Drive PX Makes Self-Driving Cars Smarter
Nvidia Drive PX Makes Self-Driving Cars Smarter
At Nvidia’s GPU Technology Conference, CEO Jen-Hsun Huang announced the pricing and availability of the Nvidia Drive PX, a computer designed for self-driving cars. Nvidia announced Drive PX at the Consumer Electronics...