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Hyundai, Kia will pay millions to consumers in fuel settlement

By Associated Press

POSTED:
LAST UPDATED: 02:08 p.m. HST, Dec 23, 2013


Hyundai and its sister company Kia said today that they will pay up to $395 million to consumers as part of a proposed settlement over overstated gas mileage.

The Environmental Protection Agency found inflated numbers on 13 Hyundai and Kia vehicles in November.

Hyundai and Kia acknowledged the problem, changed the fuel economy numbers and blamed a procedural error. Since then, Hyundai and Kia have been compensating owners with payments of around $88 annually, which is based on the amount the mileage was overstated and the average price of gasoline.

Hyundai Motor Co. and Kia Motors are also offering an option of a lump-sum payment. The companies put a figure to it Monday, saying Hyundai would pay up to $210 million and Kia up to $185 million. The total value depends on how many consumers opt for the one-time payment instead of the annual reimbursement.

The companies say the lump-sum payment amount varies but would average $353 per Hyundai owner and lessees and $667 for Kia.

Consumers also have a choice of a dealership credit.

The vehicles involved include the Hyundai Azera, Accent, Genesis, Santa Fe, Sonata Hybrid, Tucson and Veloster and the Kia Optima Hybrid, Rio, Sorento, Soul and Sportage.

The settlement still needs court approval, which the companies anticipate seeking in early 2014.






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Hapa_Haole_Boy wrote:
Makes you rethink how these companies rose in the ranks of car manufacturers over the recent years; apparently based in part on lies.
on December 23,2013 | 12:42PM
localguy wrote:
No more than US car makers. They all have problems.
on December 23,2013 | 03:14PM
iwanaknow wrote:
But these Koreans keep making deals you can't refuse to buy ($98 month lease on three of their models). We drive Toyota but we tried the Kia Soul as a rental in LA last month.......I thought it was an OK car.......would I buy? I don't know.....maybe?
on December 23,2013 | 01:29PM
cojef wrote:
Drove a 1999 Lexus ES300 for almost 14 years and traded for a MB last year. After a year, we are regretting the change. Made a stupid decision by opting for maintenance contract 5/50,000 and the price paid for the contract is more than the total of maintenance bills paid on the Lexus for over 13 years. Religiously had the Lexus serviced as recommended in the Lexus service manual at the dealer. Don't buy a maintenance contract!
on December 23,2013 | 02:11PM
NoFlippinWay wrote:
Lol, I have a feeling if this was about Toyota messing up, the major networks would have posted it as headline news. Not a peep about it on CNN as far as I can see.
on December 23,2013 | 06:12PM
Hawaii5OhOh wrote:
Hyundai Industries are expanding into North Korea to use and exploit cheap slave labor. Pilau! Hyundai should stay south of the border and not help that crazy dictator. Otherwise, everything they make will have blood on their hands.
on December 23,2013 | 09:13PM
LyingHyundai wrote:
[Re: US Hyundai-Kia Fuel Economy Litigation] [Part 4 of 4] For court updates see websites see pacer.gov under case number 2:13 – ml – 02424 – GW – FFM Hyundai -Kia fuel economy litigation. For more unbiased updates see “discussion” on YouTube channel “legal advocate 71” or see the website attorney-ethics-elderly-abuse.com. The Hyundai-Kia settlement is "proposed" and the court will review the proposed settlement in 2014 . The court will have final approval and the court could reject the settlement agreement and say that is not enough going to the car owners or the court could require the settlement agreement to include an anti-retaliation section.
on December 25,2013 | 11:45AM
LyingHyundai wrote:
[Re: US Hyundai-Kia Fuel Economy Litigation] [Part 3 of 4] If the court approves the settlement in 2014, class members may still have the option to opt out of the settlement or go before the court with their grievances. It will be unfortunate if the court does not consider the fraud and retaliation that has already been proven and admitted to by Hyundai Motor America. Is it worth it for car owners to agree to $400 and possible waive their rights to any Hyundai warranty repairs in the further? The best bet may be to get rid of the Hyundai car due to Hyundai’s history of retaliation. Many car owners say they will not buy Hyundai-Kia because of Hyundai’s stated policy that they can deny service and seek your arrest if you seek service at their dealers. [based on documents filed with the court.]
on December 25,2013 | 11:45AM
LyingHyundai wrote:
[Re: US Hyundai-Kia Fuel Economy Litigation] [Part 2 of 4] Hyundai Motor America and Girard Gibbs are also named in a Los Angeles filed bankruptcy case. The State Bar of California and office of the state attorney general has been asked to revoke the license certification of two firms/dealers indirectly connected to the class action. Read the Toyota class action filed 2012 settlement agreement online to get an idea of what will happen if the Hyundai settlement is signed by the Judge. Class members received $30-$125 each, for damages and diminished value, while the CASH COW lawsuit awarded 25 law firms and 85 attorneys attorneys a whopping $227 million dollars (estimated).
on December 25,2013 | 11:46AM
LyingHyundai wrote:
[Re: US Hyundai-Kia Fuel Economy Litigation] [Part 1 of 4] In a Inglewood, California small claims case 12S01314, a Hyundai car owner was able to get a judgment against a Hyundai dealer for $724 including court fees. A Hyundai dealer did not oppose a payout of $10,000 for the single Hyundai owner. This same car owner, by himself, sought $85 million dollars judgment against Hyundai Motor America, Los Angeles Central District case Johnson v Taylor et al. CV13-2264 FMO (MRWx). The proposed settlement by Girard Gibbs will give car owners at about $400, less than what the small claims court had already ruled a similar case worth. Hyundai also sought to pay the $724 themselves, thus bringing the potential value to $1400 for a single plaintiff, and the possibility of engine failure, facts that class action law firm Girard Gibbs LLP of San Francisco has ignored.
on December 25,2013 | 11:47AM
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