Thursday, May 18, 2023

Hyundai Motor America and Kia America Resolve Consumer Litigation in Response to Vehicle Thefts

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Hyundai Motor America and Kia America, Inc. today announced they have entered into an agreement to resolve class action litigation with owners of certain Hyundai and Kia vehicles without push-button ignitions and immobilizing anti-theft devices. The agreement, which could be valued at approximately $200 million depending on how many customers elect to participate, will provide cash compensation for customers who incurred theft-related vehicle losses or damage not covered by insurance, in addition to reimbursement for insurance deductibles, increased insurance premiums, and other theft-related losses.
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