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Consumers filed a class action lawsuit in August 2022, claiming certain model year Kia and Hyundai vehicles were not equipped with engine immobilizers, which made them susceptible to theft and ...
The proposed settlement, announced in May, could be valued at $200 million and covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S., the companies said at the time.
Hyundai Motor America and Kia America said Friday they have reached a settlement to resolve a class-action lawsuit prompted by a surge in vehicle thefts. The settlement could be valued at $200 ...
To settle a class-action lawsuit in the United States against Hyundai and Kia, the two brands agreed to pay about US$200 million, of which up to $145 million would offset out-of-pocket losses that car owners had incurred. The settlement was announced on May 18, 2023, and requires approval by a federal judge. [22]
NHTSA says it took action to "investigate both the timeliness and scope of Hyundai's Theta II engine recalls, and Hyundai's compliance with reporting requirements." [9] In Canada in 2019 Hyundai announced a recall for most vehicles using the affected engines, [10] however a class action lawsuit was filed in 2018 as a result of failures of this ...
Hyundai Motor Co <005380.KS> and affiliate Kia Motors Corp <000270.KS> have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the ...
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In May 2023, following a class action lawsuit, Kia and Hyundai agreed to pay $200 million settlement to consumers who suffered losses as a result of the security flaws. [74] However, on August 16, 2023, a federal judge rejected the proposed settlement.