hyundai mileage settlement lump sum

Under the class action settlement, consumers could choose a lump sum payment or a lifetime reimbursement program. The companies put a figure to it Monday, saying Hyundai would pay up to $210 million and Kia up to $185 million. Here's how we got to this point. The lump-sum settlement still needs review by the court. Hyundai will offer the owners of the models with the inflated ratings a lump sum payment that will average $353. Hyundai Motor Co. and Kia Motors are also offering an option of a lump-sum payment. Lump Sum Payment Option: The amount of the lump sum payment varies depending upon the year and model of the Hyundai vehicle that you owned or leased, plus certain other factors. IRVINE, Calif., December 23, 2013 – Kia Motors America (KMA) today announced a proposed settlement of disputes that were raised by current and former owners and lessees of vehicles affected by the automaker’s November 2012 restatement of fuel … So far, the company reports about 75 percent of … by Paul A. Eisenstein | Dec 24, 2013. The payment varies depending on whether the vehicle was purchased or leased. This settlement does not include a consumer restitution component, as the companies have already paid out hundreds of millions in restitution through programs offered directly by Hyundai/Kia and under a 2013 class action settlement. The settlement came after the U.S. Environmental Protection Agency found flaws in Hyundai’s and Kia’s testing procedures, and the automakers lowered … EPA Tells Hyundai to Change MPG Labels on Dealership Lots ∞ The EPA said Hyundai and Kia need to lower their fuel economy ratings (MPG) for the majority of their 2012 and 2013 fleet. Hyundai had earmarked around $225 million for its compensation plans, and Kia another $187 million. Hyundai offered a lump sum payment option as part of its settlement proposal. A proposed settlement has been reached in a … Hyundai and Kia are also offering an option of a lump-sum payment. LOS ANGELES - Hyundai and its sister company Kia say they'll pay up to $395 million to consumers as part of a proposed settlement of overstated gas mileage. Lump Sum Payment Option: The amount of the lump sum payment varies depending upon the year and model of the Hyundai vehicle that you owned or leased, plus certain other factors. In a filing this week in U.S. District Court in Los Angeles, Hyundai says it will make lump-sum payments to around 600,000 owners of cars and SUVs from … Dee-Ann Durbin, AP Auto Writer. More than 1,500 Nevada consumers submitted a claim for a lump sum payment, totaling more than $580,000. Hyundai owners of 2011 to 2013 model year cars that had their gas mileage reset will get an average of $353 if they opt for the lump-sum instead … Since that time Hyundai has paid fees, changed window stickers, offered lump sum settlements, and continues to be monitored by state attorneys. Hyundai nearing settlement of gas mileage cases. Preliminary approval is expected to take place in early 2014, KIA says. DETROIT (AP) -- Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars. This program provides consumers with personalized cash debit cards as reimbursement for fuel costs. Hyundai Nearing Settlement of Gas Mileage Cases Hyundai says it will make lump-sum payments to nearly 1 million vehicle owners. The EPA audited the vehicles … Hyundai and its sister company Kia said Monday that they will pay up to $395 million to consumers as part of a proposed settlement over overstated gas mileage. Although each Class Member’s situation differs, a potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. Automaker Pleased to Reach Agreement and Provide Affected Customers with New Reimbursement Options Including a Lump Sum Cash Payment . A potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. SEE ALSO: Hyundai, Kia Admit to Overstating Gas Mileage on Most Models. Lawyers for Hyundai and the plaintiff drivers said they plan to file more details on the settlement with the court. Affected customers will be able to claim the lump sum after that. The sums translate into an average lump sum payment of about $353 to owners and lessees of the roughly 600,000 Hyundai vehicles, while the approximately 300,000 owners of … Other settlement benefits exist. Hyundai, Kia Agree to Settlement Over Fake Fuel Economy Numbers Nearly 900,000 U.S. owners eligible for settlements. Hyundai and Kia overstated mileage by as much as 6 mph for vehicles such as this Soul. Read full article. Under the terms of the proposed settlement Monday, a lump sum payment will be provided as an option to the reimbursement program. More than 4,300 Nevada consumers submitted a claim for benefits under a lifetime reimbursement program, offered by Hyundai and Kia. Class Members can elect one of the following lump sum … Hyundai has agreed to settle these lawsuits, while Kia is still evaluating the settlement proposal. Consumers now get more choices in the settlement, including a single lump-sum payment. This is not a solicitation and you do not have to pay any money to qualify for settlement benefits. In addition, Hyundai also offered lump-sum payments as an option after the results of a class-action lawsuit. Hyundai Motor Co. and Kia Motors are also offering an option of a lump-sum payment. The companies put a figure to it Monday, saying Hyundai would … Class Members can elect one of the following lump sum … To date, the value of cards issued to … Although each Class Member’s situation differs, a potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. (High mileage drivers may receive greater amounts by participating in the Lifetime Reimbursement Program.) The amount Hyundai would pay was not disclosed, but the filing said the class-action settlement would give owners the option of a lump-sum payment.. Hyundai and Kia … The companies put a figure to it Monday, saying Hyundai would … February 27, 2013, 5:29 PM . Affected Hyundai owners may elect the one-time lump sum cash payment or remain in the automaker's lifetime reimbursement program; the choice is … The results of a lump-sum payment the plaintiff drivers said they plan to file more details on the with. The plaintiff drivers said they plan to file more details on the settlement with the inflated ratings a sum... The class action settlement, consumers could choose a lump sum payment or a lifetime reimbursement program. Over fuel. Hyundai has agreed to settle these lawsuits, while Kia is still evaluating the settlement proposal provided as option! 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