Cars
Hyundai and Kia’s U.S. units announced that they reached an agreement to pay a total of $395 million (€288 million) to settle lawsuits filed by owners of cars affected by the Korean carmakers’ exaggerations of fuel economy ratings.
- Hyundai, Kia Forecast Slowest Sales Growth In Eight Years
Sister companies Hyundai and Kia forecast their weakest sales growth in eight years due to increasing competition and the stronger Korean won. Chung Mong Koo, chairman of both automakers, said Hyundai and Kia’s combined deliveries will increase...
- South Korea Enforces Tougher Fuel Efficiency Measuring Rules To Avoid Future Unpleasantness
You may remember the claimed fuel efficiency scandal caused by Hyundai that overstated the economy figures for several of their vehicles. They then had to compensate over 900,000 owners of vehicles sold between 2011 and 2013, with the discrepancy between...
- Market Researcher Says Bogus Hyundai And Kia Mpg Claims Will Harm Brands' Value, Shares Tumble
We already know that it's going to cost Hyundai and Kia a lot of money to compensate some 900,000 vehicle owners in the States (as much as $362 million, according to Nam Kyeong Moon, an analyst at KTB Investment & Securities Co.) after the Environmental...
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Hyundai Santa Fe & Hyundai Veracruz Re-recalled
3,387 Hyundai owners ought to be heading to their local dealership because of faulty trailer hitche wiring harnesses that could end up on fire. Both SUVs, the Santa Fe and Veracruz, from model years 2007 and 2008, were fitted with hitches whose circuit...
Cars
Hyundai, Kia to Pay $320 on Average to Owners of Cars with Exaggerated MPG Figures
Hyundai and Kia’s U.S. units announced that they reached an agreement to pay a total of $395 million (€288 million) to settle lawsuits filed by owners of cars affected by the Korean carmakers’ exaggerations of fuel economy ratings.
According to the agreement, the companies will reimburse American owners of about 600,000 Hyundai and 300,000 Kia vehicles from the 2011 to 2013 model years.
Read more »- Hyundai, Kia Forecast Slowest Sales Growth In Eight Years
Sister companies Hyundai and Kia forecast their weakest sales growth in eight years due to increasing competition and the stronger Korean won. Chung Mong Koo, chairman of both automakers, said Hyundai and Kia’s combined deliveries will increase...
- South Korea Enforces Tougher Fuel Efficiency Measuring Rules To Avoid Future Unpleasantness
You may remember the claimed fuel efficiency scandal caused by Hyundai that overstated the economy figures for several of their vehicles. They then had to compensate over 900,000 owners of vehicles sold between 2011 and 2013, with the discrepancy between...
- Market Researcher Says Bogus Hyundai And Kia Mpg Claims Will Harm Brands' Value, Shares Tumble
We already know that it's going to cost Hyundai and Kia a lot of money to compensate some 900,000 vehicle owners in the States (as much as $362 million, according to Nam Kyeong Moon, an analyst at KTB Investment & Securities Co.) after the Environmental...
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Hyundai Santa Fe & Hyundai Veracruz Re-recalled
3,387 Hyundai owners ought to be heading to their local dealership because of faulty trailer hitche wiring harnesses that could end up on fire. Both SUVs, the Santa Fe and Veracruz, from model years 2007 and 2008, were fitted with hitches whose circuit...