Hyundai, Kia to pay up to $210M, $185M to settle fuel-economy suits

|About: Hyundai Motor Co., Ltd. (HYMLF)|By:, SA News Editor

Hyundai Motor (HYMLF) and Kia Motors (KIMTF) will pay as much as $395M to settle lawsuits by customers claiming the automakers overstated fuel-economy ratings on vehicles of the 2011-2013 vintages.

Hyundai will make payments of up to $210M and Kia as much as $185M.

The Korean manufacturers blamed the overstatements on "procedural errors" at a joint testing facility.