25 Dec '13, 10am

Hyundai and Kia enter fuel economy settlement #Hyundai #kia #fueleconomy

Hyundai and Kia enter fuel economy settlement #Hyundai #kia #fueleconomy

Korean car making giants Kia and Hyundai have entered into settlement agreements with owners and lessees of vehicles that were affected by their reduction of fuel economy ratings. During November 2012 it was revealed that fuel economy adjustments affected 27 per cent of Hyundai 2011-2013 vehicles: reducing their fuel economy figures by 1-2mpg. Meanwhile, the adjustment also affected around 300,000 2011-2013 model year Kia vehicles. When the fuel economy discrepancy was revealed, around 53 complaints were lodged against the companies and later consolidated. It is estimated that the Hyundai settlement has a value up to $210million; while the Kia agreement is worth up to $185million. This is dependent on the number of customers that choose to take part in the one-time lump sum payment option: some may choose to remain on the lifetime reimbursement program. The lifetime reimbu...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2013/1...

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