Hyundai, Kia propose US settlement for overstating fuel economy

Newswire

DETROIT, Dec 23 (Reuters) - U.S. units of South Korean sister companies Hyundai Motor Co and Kia Motors Corp on Monday announced a proposed settlement of $395 million with owners of cars for which the two companies overstated fuel economy ratings in 2012. The proposed resolution would affect American owners of about 600,000 Hyundai and about 300,000 Kia vehicles from the 2011 to 2013 model years. The amount each company pays out will depend on how many owners ...

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