The reimbursements are available for those vehicles throughout their periods of use including changes in ownership.
The new lump-sum option now being offered by KIA is intended to cut down on paperwork and inconvenience for affected drivers.
While the agreements are valued at up.65 million and 23 million respectively in cash compensation plus other available options, the actual figure will depend on what options customers choose to take.The suits were consolidated thereafter.The value of the Hyundai settlement is up.65 million, while the Kia deal is worth up to 23 million, the companies said.At the time of the restatement, Hyundai and Kia both provided a reimbursement program to cover the additional fuel costs associated with the rating change plus a 15 per cent premium in acknowledgment discount comic book service fort wayne in of the inconvenience to customers for as long as they owned.The lump sum payments will vary by type of vehicle and will be reduced for any amounts already received through the existing reimbursement programs.About 53 plaintiffs filed suit following a November 2012 fuel economy restatement by KIA.Affected owners and lessees are compensated based on their actual kilometres driven and the fuel costs for the region in which they live.This lump-sum fuel expense reimbursement option is in addition to KIAs existing lifetime reimbursement program.Full Answer, for more information, contact the Kia Fuel Economy Ratings Adjustment Program Center.Preliminary approval is expected to take place in early 2014, KIA says.
In order to compensate affected customers, Kia provided a lifetime reimbursement program to cover the additional fuel costs associated with the rating change plus a 15 percent premium in acknowledgement of the inconvenience.
We are as dedicated as ever to ensuring our vehicles deliver outstanding fuel economy in order to provide greater value and efficiency.
'Hyundai should be commended for doing the right thing and resolving this issue with its customers.' - Michael Peerless, lead plaintiff lawyer.
"The fact that a class member is able to choose one of a variety of lump sum payments, or to remain in the reimbursement program, provides real benefits to this large class of customers.".On November 2, 2012, Kia announced the voluntary adjustment of fuel economy ratings for approximately 300, model year vehicles and relabeled affected vehicles still in dealer showrooms.For example, an individual owner who purchased a new 2012 Elantra would receive a lump sum payment of 361, minus any previous reimbursement payments."While customers have responded favourably to the original reimbursement program, today's settlement is designed to provide them with an additional compensation option, again intended to make customers fully whole for Hyundai's fuel economy ratings restatement said Faithlyn Hemmings, senior legal counsel at Hyundai Canada.2, 2012, Kia announced ratings adjustments for approximately 300,000 vehicles from the 2011, 20 model years.The Fuel Economy Ratings Adjustment Program was designed to give Kia owners the difference in what they pay for fuel and what they would have paid if the initial advertised figures had been accurate plus an extra 15 percent of that difference for inconvenience.Those who don't take the one-time payments can remain in an existing reimbursement both Hyundai and Kia introduced after restating the fuel economy ratings of their vehicles in November 2012.At the time, Hyundai's previously advertised fuel consumption figures for combined city/highway driving were increased by between.2 and.8 of a litre per 100 kilometres.Figures for Kia were not immediately available.Affected customers will be able to claim the lump sum after that.