Hyundai, Kia agree to pay $200 million to settle lawsuit after rise in thefts ...Middle East

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Hyundai, Kia agree to pay $200 million to settle lawsuit after rise in thefts
source : The Hill ( Middle East ) () 53
Automakers Hyundai Motor America and Kia America Inc. have agreed to pay roughly $200 million to settle a class-action lawsuit after the car companies saw a rise in thefts. “The agreement, which could be valued at approximately $200 million depending on how many customers elect to participate, will provide cash compensation for customers who incurred theft-related vehicle losses or damage not covered by insurance, in addition to reimbursement for insurance deductibles, increased insurance premiums, and other theft-related losses,” Hyundai said in a release. Security concerns about certain Hyundai and Kia car models arose after a viral TikTok challenge highlighted security weak point

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