Hyundai has agreed to a settlement ending an embarrassing episode triggered by the revelation the maker had overstated its fuel economy numbers.
Sibling Korean brand Kia also is expected to reach an agreement over similar claims. The two makers last November acknowledged inflating the mileage claims for 13 models by as much as six miles per gallon.
While not all details have been released, Hyundai apparently has agreed to offer owners of vehicles covered by the lawsuits to take a lump-sum payment covering the additional costs they can expect to incur as a result of lower-than-expected mileage.
After confirming it had misstated its fuel economy and quickly apologizing, Hyundai – and Kia – last year offered to reimburse owners on an annual basis, adding another 15% for “goodwill.” But that approach would have required motorists to go to a dealer each year to have their odometers checked.