Owners of Hyundai and Kia vehicles determined to be easy to steal will receive compensation following an over $200 million class action lawsuit settled on Thursday. The settlement covers owners of affected vehicles, which amounted to 9 million.
The $200 million settlement covers owners of affected vehicles, which amounted to 9 million — 4.5 million Hyundais and 4.5 million Kias. Drivers can receive up to $6,125 for the loss of their vehicle, up to $3,375 for damage to their vehicle and personal property, and costs covering insurance-related expenses and related expenses such as transit and ride-share costs not covered by insurance.
“Hyundai and Kia failed to sell cars equipped with fundamental anti-theft features, and that was not a victimless act," Elizabeth Fegan of FeganScott law firm said."We are pleased with the settlement reached and its immediate ability to hinder thieves, as well as compensate victims of thefts that have already occurred.”
“This agreement is the latest step in a series of important actions, in addition to providing a free security software upgrade and distributing over 65,000 steering wheel locks, that Kia has taken to help customers whose vehicles have been targeted by criminals using methods of theft popularized on social media. Kia remains committed to assisting our customers and upholding vehicle security.”
Kia America and Hyundai Motor America said in a press release that they believe their vehicles are"fully compliant" with federal anti-theft requirements. The company introduced a free anti-theft software earlier this year that modifies vehicle control modules so that there is an"ignition kill" feature that will prevent cars from beings stolen using charging cords, metal pieces, or other theft devices popularly shared on social media.
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