Hyundai and Kia Class Action Suit Settled with Over $200 Million for Owners
Owners of Hyundai and Kia vehicles affected by an easy-to-steal vulnerability finally have some relief as the companies agree to settle a class-action lawsuit with a substantial sum.
Settlement Details
The class-action lawsuit that centered on the absence of immobilizers in a range of 2011-2022 models has reached a resolution with both Hyundai and Kia collectively agreeing to a settlement exceeding $200 million. This lack of a crucial security feature made these cars easy targets for theft, a trend that gained traction on social media platforms like TikTok when groups like the “Kia Boyz” demonstrated how effortlessly these vehicles could be stolen.
Settlement Benefits
The settlement aims to alleviate the financial burden on owners of around 4.5 million Kias and Hyundais each. The agreement includes provisions for reimbursement of out-of-pocket expenses due to theft incidents, with sums reaching up to $6,125 for total losses and $3,375 for damages. Additional compensation covers costs such as rental cars, rideshare services, insurance, towing, and other related expenses.
Upgrades and Remedies
Apart from financial compensations, Hyundai and Kia will introduce a software update to mitigate the theft risks by configuring the cars to start only when unlocked using the key fob. While most affected models are eligible for the update, owners of exceptions will receive a $300 reimbursement to acquire alternative anti-theft measures.
Conclusion
The settlement represents a step towards rectifying the security issue faced by Hyundai and Kia owners, providing both financial relief and preventive measures to safeguard their vehicles against theft.
FAQ
1. How many vehicles are expected to benefit from the settlement?
The settlement is designed to assist approximately 4.5 million Kia owners and 4.5 million Hyundai owners affected by the security vulnerability.
2. What compensation will owners receive under the settlement?
Owners may receive reimbursements for out-of-pocket expenses related to theft incidents, with amounts ranging up to $6,125 for total losses and $3,375 for damages. Additional compensations cover various associated costs.
3. What remedial measures are being implemented by Hyundai and Kia?
Hyundai and Kia will offer a software update to allow cars to start only after being unlocked with the key fob, enhancing security. Owners of models ineligible for the update will receive a reimbursement for alternate anti-theft installations.
By settling this class action suit, Hyundai and Kia aim to address the challenges faced by their vehicle owners and ensure a more secure driving experience.
