Hyundai Motor America and Kia America said Friday they have reached a settlement to resolve a class-action lawsuit prompted by a surge in vehicle thefts.
The settlement could be valued at $200 million and covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S., the companies said.
The settlement will provide cash compensation to customers 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. 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.
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