- Associated Press•1 hour ago
South Korean automakers Hyundai Motor Co. and Kia Motors Corp. will pay $41.2 million to 33 states and the District of Columbia to settle an investigation into their fuel economy ratings. The fine is the ...
- American City Business Journals•1 hour ago
The state of Wisconsin will receive $920,758.22 as part of a multi-state settlement with Korean automakers Hyundai and Kia to resolve claims that the companies misrepresented the mileage and fuel economy ratings for some of their model year 2011, 2012 and 2013 vehicles. The state’s share is part of the $41.2 million settlement between 33 states and the District of Columbia and the Hyundai Motor Company, Hyundai Motor America, Kia Motors Corporation Inc., and Kia Motors America Inc., Wisconsin Attorney General Brad Schimel said Thursday. The settlement ends a multi-state investigation into the companies' business practices relating to fuel economy estimate adjustments that occurred at a time when gasoline prices in the United States were especially high.
- Reuters•2 hours ago
Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage restatements, state attorneys general said on Thursday. Hyundai said it agreed to settle state consumer protection claims but didn't admit to violating any laws. The $41.2 million fine to Hyundai and Kia covers the attorneys general "investigative costs," Hyundai said.
HYUNDAI MOTOR CO KRW5000 (HYMLF)
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