Hyundai Auto Canada reached a settlement with consumers in a class action lawsuit over exaggerated fuel economy numbers among their Hyundai and Kia lineup of vehicles, paying a total of $46.65 million CAD ($41.85 million USD) in the deal.
Under the terms of the settlement — affecting current and former owners and lessees of 130,000 Hyundai and Kia models made between MY2011 and MY2013 — consumers can either take a one-time payment based on type of vehicle affected, or remain in an existing reimbursement program Hyundai started in late 2012 after the automaker restated fuel economy ratings. The program covers additional fuel costs associated with the adjustment, along with a 15 percent premium in acknowledgement of the inconvenience over the issue so long as the vehicle is in the possession of the owner or lessee.
Those who take the lump sum will receive the payment minus previous reimbursements from the program. Other options available include a dealership credit of 150 percent of the lump sum, and a 200 percent credit of the cash amount towards the purchase of a new Hyundai or Kia.
Though Hyundai's Canadian wing has its ducks in a row, their operations in the United States are still in the class action process after the Environmental Protection Agency announced fuel economy overstatements made by the automaker, as well as subsequent adjustments to the fact.
from The Truth About Cars http://ift.tt/Jh8LjA
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