Hyundai Nearing Settlement of Gas Mileage Cases

DETROIT (AP) -- Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars.

In a U.S. District Court filing this week, Hyundai says it will make lump-sum payments to nearly 1 million owners of cars and SUVs from the 2011 through 2013 model years, including the Elantra sedan. The amount of the payments wasn't given. They will vary based on the vehicle and how much its mileage was overstated.

Hyundai's sister company, Kia Motors, is still deciding whether to participate in the settlement.

The Environmental Protection Agency found inflated numbers on 13 Hyundai and Kia vehicles in November. Since then, Hyundai has been compensating owners with payments of around $88 annually. Some buyers refused to settle and sued in federal court.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2283318, ~/Articles/ArticleHandler.aspx, 7/31/2014 8:32:56 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement