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.
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." TikTok videos showing how to steal cars without push-button ignitions and immobilizing anti-theft devices has led to at least 14 reported crashes and eight fatalities in the United States, regulators said in February.
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