Kia and Hyundai agree to settle class-action lawsuit worth around $200 million ... trends now
Kia and Hyundai have agreed to settle a class-action lawsuit worth around $200million over rampant car thefts of the Korean automakers' vehicles.
The lawsuit was launched by owners of Hyundai or Kia vehicles who said their cars were easy to steal after a spur of thefts were inspired by a Tik Tok trend.
Videos went viral showing how you could start the Kia and Hyundai without push-button ignitions and immobilizing anti-theft devices using just a USB cable.
The settlement covers around nine million US owners and includes up to $145million for out-of-pocket losses for those who had their cars stolen.
It includes payments for total loss of vehicles up to $6,125, damage to vehicle and personal property up to $3,375 and insurance-related expenses.
Kia and Hyundai have agreed to settle a class-action lawsuit worth around $200million over rampant car thefts of the Korean automakers' vehicles which were inspired by a Tik Tok trend
The lawsuit was launched by owners of Hyundai or Kia vehicles who said their cars were easy to steal after a spur of thefts
The settlement covers around nine million US owners and includes up to $145million for out-of-pocket losses for those who had their cars stolen
Hyundai and Kia said they will compensate owners 'who incurred theft-related vehicle losses or damage in addition to reimbursement for insurance deductibles, increased insurance premiums, and other theft related losses.'
For customers whose vehicles cannot accommodate security software upgrades, the Korean automakers will provide up to $300 for the purchase of steering wheel locks and other theft deterrent or prevention devices.
'The settlement will provide benefits as soon as possible to those who have suffered out-of-pocket losses,' said Steve Berman, a lawyer representing owners.
'Our goal in finalizing this settlement was to leave no one in the dark.
'The owners of these cars have experienced enough upset, and we
