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Hyundai and Kia Pay $41 Mil to Settle Mileage Case

Korean makers overstated mileage by up to 6 mpg.

by on Oct.28, 2016

Kia overstated the mileage of its Soul by 6 mpg, according to the EPA.

Four years after the two automakers admitted overstating the fuel economy of many of their models by up to 6 mpg, Hyundai Motor Co. and Kia Motor Corp. will pay $41.2 million to resolve an investigation by 33 state attorneys general.

That’s on top of $350 million the two Korean carmakers paid as part of a settlement with federal regulators two years ago, and millions more in compensation and settlements paid to vehicle owners.

Financial News!

While the maker made no admission of violating any laws, the latest settlement “recognizes that fuel economy is a consideration in many car-buying decisions, and (Hyundai) remains committed to being responsive to customer concerns about our revised fuel economy ratings,” said David Zuchowski of the company’s U.S. operations. (more…)