Just a few months after paying a record-setting amount for its headquarters in South Korea, Hyundai and its sister company, Kia, have set a new record in the United States. They agreed to pay a $100-million fine for providing false mileage rating on 1.2 million vehicles, according to the Environmental Protection Agency and the Justice Department.
In the case of Hyundai and Kia overstated estimates by one to six miles per gallon on several 2012 and 2013 Hyundai and Kia models, including Hyundai Accent, Elantra, Veloster and Santa Fe vehicles and Kia Rio and Soul vehicles.
“Hyundai has acted transparently, reimbursed affected customers and fully cooperated with the EPA throughout the course of its investigation,” said David Zuchowski, CEO of Hyundai Motor America, in a statement. (more…)