The $360 million settlement between the U.S. Department of Justice and Hyundai and Kia for overstating fuel economy figures was approved Tuesday by the U.S. District Court for the District of Columbia.
The Detroit News report the approval also rejected a request from the attorneys general in New York, Connecticut, Maryland, Massachusetts, New Mexico, Oregon, Rhode Island and Vermont, asking the court set aside a minimum of $25 million for their states' respective electric vehicle programs. The court sided with the Justice Department in its ruling, warning that such a request would threaten the original settlement agreement with more complex and lengthy negotiations.
The agreement includes $100 million in civil penalties, $50 million for independent auditing of the Korean duo's offerings, and a forfeiture of $210 million in greenhouse emission credits. It also ends the Environmental Protection Agency's investigation into the overstated figures, and affects 600,000 Hyundai and 300,000 Kia models made between 2011 and 2013.
The post Hyundai, Kia $360M US Justice Department Settlement Approved In District Court appeared first on The Truth About Cars.
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