Hyundai and Kia have settled a class-action lawsuit after receiving more than $758 million in payments. This settlement will help eligible drivers recover costs associated with repairing or replacing the vehicles and will cover out-of-pocket repair expenses. The money will also cover goodwill payments and lifetime warranties, with the bulk of the funds going to consumers. However, this settlement will not address the issue of recalls. For this reason, the companies must offer more comprehensive warranty coverage for affected vehicles.
The lawsuit is filed by a Miami-based dealership group, claiming that Kia denied their request to sell them several dealerships in Virginia and Chesapeake. The father-and-son duo Ahmed owns multiple dealerships in Florida and Texas, and the group employs more than 1,000 people and had nearly $900 million in revenue in 2019. The company has since switched to soy-based wire coatings, but this lawsuit could affect any model.
- 1 The complaint alleges that Hyundai and Kia knew about the defect before they sold the affected cars.
- 1.1 The class-action lawsuit was filed by a Miami-based dealership group after the company refused to recall vehicles with defective Theta II GDI engines.
- 1.2 The Kia lawsuit was filed after Kia refused to sell its dealerships in Virginia and Maryland.
The complaint alleges that Hyundai and Kia knew about the defect before they sold the affected cars.
While the defect prevented the proper oil flow to the engine’s parts, the company hid it from consumers. That means the car owners who bought it had no idea of its dangers. The carmakers’ response was to minimize the problem and issue inadequate recalls. This delay caused the cars to stall or catch fire, and some victims had to spend months or years in intensive care to repair their cars.
The company has since switched to soy-based wire coatings to address the problem. While the company did not admit responsibility, the settlement will help victims get the money they deserve. Furthermore, the settlement will allow car owners to make their insurance premiums affordable. As a result, these lawsuits can potentially impact the future of the car industry. If you purchased a Kia or Hyundai vehicle in the past, you may want to check whether you are eligible to file a claim against the company.
The class-action lawsuit was filed by a Miami-based dealership group after the company refused to recall vehicles with defective Theta II GDI engines.
The settlement includes 3.9 million owners of Kia and Hyundai vehicles. If you have purchased a Kia or Hyundai vehicle, you could be eligible for a settlement. It is possible to receive a lump sum of money, depending on the model you own. This could be worth up to $900 if you’re the victim of a recall or have suffered significant economic damage.
A Hyundai and Kia class-action lawsuit aims to prevent consumers from suffering from the consequences of a faulty engine. Both companies have been accused of selling vehicles that lack proper oil flow. In this case, the defect prevents the proper flow of oil to engine parts. This can lead to premature wear and tear and can even cause a car to seize. In the worst-case scenario, this defect can also lead to a deadly engine fire.
The Kia lawsuit was filed after Kia refused to sell its dealerships in Virginia and Maryland.
Its attorneys found that Kia’s faulty sunroofs were a cause of many accidents and injuries, and a defective sunroof could cause serious injury or death. The manufacturer of the faulty sunroofs should pay compensation to these consumers. But the lawyers handling the lawsuit will need to gather more information before filing a case.
In this lawsuit, the defendant allegedly misrepresented the fuel economy of its vehicles. This has led to an increase in accidents in the past few years. As a result, the plaintiffs are also seeking damages resulting from their defective vehicles. Hopefully, this settlement will help them recover the money they need to fix their cars and get back on their feet. The lawsuit is worth filing to protect your rights. It is worth filing a class-action suit in this case if your vehicle is damaged or has lost value.
This lawsuit names several models of Kia vehicles that have sunroofs that have problems.
This list is not exhaustive, but you can contact an attorney to learn more about your legal options. The lawyers will explain your legal rights and help you file a case. You may also be able to recover your repair costs and other damages through a class-action lawsuit. If you purchased a Kia or another model of a car that is not covered by the lawsuit, you can take advantage of them by seeking a refund.