Hyundai, Kia set aside $412M for exaggerated mileage claims

To compensate owners of more than one million vehicles
Jan 28, 2013
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TopGear.com.ph Philippine Car News - Hyundai, Kia sets aside $412M for exaggerated mileage claims

Hyundai Motor Company and Kia Motors have reportedly set aside more than $412 million to compensate their customers in North America for their overstated fuel-economy claims.

According to AutoNews.com, Hyundai has earmarked 240 billion Korean won ($225 million) to cover the compensation costs, while Kia has set aside 200 billion won ($187.13 million) for the mass reparation.

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The compensation is due to the United States' Environmental Protection Agency's discovery last November that both Korean carmakers had inflated their fuel economy figures by one to two miles per gallon.

In response, both Hyundai and Kia agreed to indemnify the owners of the more than one million vehicles the companies had recently sold for the additional fuel costs.

Fair enough?

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