Hyundai Motor America and Kia America will resolve a class-action lawsuit prompted by a surge in vehicle thefts with a settlement agreement that could be valued at $200 million, the automakers announced Friday.
who suffered theft-related losses or damage not covered by insurance — as well as reimbursement for insurance deductibles, increased insurance premiums and other losses, Kia and Hyundai said.
A software upgrade will also be provided to eligible owners. For customers with vehicles that cannot accommodate the software upgrade, the agreement will provide a reimbursement of up to $300 for anti-theft devices. Kia and Hyundai have also given impacted customers tens of thousands of free steering wheel locks through local law enforcement and direct shipments, the companies said.“Hyundai and Kia failed to sell cars equipped with fundamental anti-theft features, and that was not a victimless act,” attorney Elizabeth A. Fegan of Fegan Scott, one of the law firms representing the plaintiffs, said in a statement.
Both Jason Erb, Hyundai Motor North America’s chief legal officer, and John Yoon, Kia America’s chief legal officer, stressed that the companies are committed to customer safety. “We appreciate the opportunity to provide additional support for our owners who have been impacted by increasing and persistent criminal activity targeting our vehicles,” Erb said.
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