This is how the Kia TikTok Challenge ends: The automaker has agreed to compensate owners of around 9 million vehicles in a settlement in California.
Kia and Hyundai have been dealing for years with social media videos that show how easy it is to steal some of their models and encourage others to give it a shot.
Around 9 million mostly base trim Kia and Hyundai vehicles are affected, and their owners have been offered steering wheel locks and other anti-theft devices in the past. Read on for a list of affected models. will cost the automakers around $200 million, with $145 million set aside for customers' out-of-pocket losses as they've dealt with this issue.The two automakers have agreed to pay an expected $200 million as compensation for customers who had their cars stolen or damaged in ways not covered by insurance. The money will also reimburse Hyundai and Kia owners for any losses due to paying insurance deductibles, higher insurance premiums, or other theft-related losses.
According to Reuters, the $200 million settlement will cover approximately 9 million Hyundai and Kia vehicles, with up to $145 million set aside to cover customers' out-of-pocket losses. Kia and Hyundai said they expect the court to approve the settlement preliminarily in July.
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