The Cartwright Law Firm is issuing another Urgent Consumer Alert to infom consumers about an issue that may affect owners or lessors of Hyundi’s and Kia automobiles. The Korean automakers, Hyundai and Kia (owned by the same company, but operated independently), are facing lawsuits over inflated claims about their vehicles’ fuel efficiency. After complaints that lead to independent tests to confirm the claims, the company admitted in November that they “had overstated the fuel efficiency ratings on more than 1 million recently sold vehicles in the United States and Canada, and have agreed to compensate owners for the additional fuel costs.” The vehicles in question are the Kia Rio and the Hyundai Elantra from model years 2010 to 2013. The lawsuits seeks to allow owners and lessees “to back out of their purchase or lease agreements on the affected vehicles,” and to reimburse owners for the fuel costs they incurred as a result of the deception.
Hyundai Motor and affiliate Kia Motors recently conceded that they overstated the fuel economy on more than 1 million recently sold vehicles in the United States and Canada, and have agreed to compensate owners for the additional fuel costs.
Hyundai said it has set aside 240 billion won ($225 million) to cover the compensation costs, bringing the total costs for the affiliated automakers more than $412 million to date.
The Cartwright Law Firm is representing victims of this fraud in Federal Court, and urge all consumers who purchased or leased the above vehicles to contact us today to learn how these suits may affect their own rights for compensation. Call 415-433-0444 today to have a free consultation regarding your rights in these cases.