The settlement covers about 9 million U.S. owners and includes up to $145 million for out-of-pocket losses for consumers who had cars stolen, lawyers for the owners said.
WASHINGTON - Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles, lawyers for the owners and the automakers said on Thursday.
Hyundai and Kia said they will compensate owners "who incurred theft-related vehicle losses or damage in addition to reimbursement for insurance deductibles, increased insurance premiums, and other theft related losses." "The settlement will provide benefits as soon as possible to those who have suffered out-of-pocket losses," said Steve Berman, a lawyer representing owners.
The consumer settlement covers owners of 2011 through 2022 model year Hyundai or Kia vehicles with a traditional "insert-and-turn" steel key ignition system. It includes payments for total loss of vehicles up to $6,125, damage to vehicle and personal property up to $3,375 and insurance-related expenses.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hyundai and Kia will pay $200 million over car thefts prompted by 'Kia Boyz' TikTok videosHyundai and Kia have announced that they will pay $200 million to settle a lawsuit over vehicle thefts prompted by TikTok videos.
Leer más »
Kia, Hyundai reach $200 million settlement over theft issueHyundai and Kia have reached a massive settlement as 9 million of their vehicles are particularly prone to thefts.
Leer más »
Hyundai, Kia agree to $200 million settlement over US car theftsHyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles, lawyers for the owners and the automakers said on Thursday.
Leer más »
Kia and Hyundai settle $200 million suit for owners with easy-to-steal carsOwners of Hyundai and Kia vehicles determined to be easy to steal will receive compensation following an over $200 million class action lawsuit settled on Thursday. The settlement covers owners of affected vehicles, which amounted to 9 million.
Leer más »
Hyundai, Kia announce $200 million settlement over security flaw that became a TikTok challengeThe settlement covers about 9 million Hyundai and Kia vehicles. The lawsuit filed by car owners was litigated in federal court in Santa Ana.
Leer más »