Hyundai willing to settle MPG cases, offering lump sum payout to buyers
There has been a lot of fallout from the overstated fuel economy figures that both Hyundai and Kia have admitted to. The two companies are handing out lots of cash to affected customers in the form of debit cards, and the EPA might change the way it works with automakers on fuel economy labels. Some Hyundai/Kia buyers, though, wanted more than an apology and a reimbursement, and thus they filed a number of class-action lawsuits. Thirty-eight, in fact, which were all combined into one big case at the US District Court in Los Angeles. Hyundai is now reportedly saying it is willing to settle, and Kia is deciding whether to participate or not. Both automakers declined to comment.
The details from the filing are all undisclosed, sadly, so we don't know how much Hyundai will be paying (one of the original suits said buyers were due a total of $775 million), but Automotive News says buyers can continue to get reimbursed through the debit cards or take a lump sum payment through the class-action suit. No double-dipping, folks. Earlier reports said the class-action suits were seeking to let buyers back out of leases and loans, but there is no mention of this in this week's news.
Between Kia and Hyundai, around 900,000 vehicles were sold in the US with incorrect MPG numbers on the window sticker. Before the overstated mpg numbers were revealed in late 2012, Hyundai was already the target of a class-action suit over the mpg numbers in the Elantra. Hyundai willing to settle MPG cases, offering lump sum payout to buyers