Kia, Hyundai reach $200 million settlement over theft issue

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Kia, Hyundai reach $200 million settlement over theft issue
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Hyundai and Kia have reached a massive settlement as 9 million of their vehicles are particularly prone to thefts.

Hyundai and Kia announced that they have reached a $200 million settlement in a class-action lawsuit brought by owners over thefts of certain vehicles.

The settlement requires Kia and Hyundai to install anti-theft software updates. For owners whose vehicles cannot accommodate a software update, the companies will provide up to $300 for the purchase of various anti-theft devices. Last month, the attorneys generals of 17 states and the District of Columbia sent a letter to the National Highway Traffic Safety Administration urging the agency to recall Kia and Hyundai vehicles prone to theft.

“Thieves have driven these vehicles recklessly, speeding and performing wild stunts and causing numerous crashes, at least eight deaths, and significant injuries. Many of the victims have been minors,” the AGs wrote.

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