Hyundai compensate for false promises
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Hyundai Canada reports record sales in 2013
Hyundai and Kia reimburse their customers
Hyundai Auto Canada and its affiliate Kia Canada have agreements amicably evaluated approximately $ 70 million in class action with respect to their promises of fuel savings.
The agreement provides lump sum payments or some other options for owners and current tenants and assists some 130,000 vehicles in the year 2011, 2013 Hyundai, and about 41,000 vehicles of Kia dating same year.
The agreement for Hyundai is estimated at $ 46,650,000, while for Kia would rather of $ 23 million, say the companies.
Those who refuse the single compensation may continue to enjoy the existing program of repayment at Hyundai and Kia, since companies have re-evaluated their fuel economy rate in November 2012.
Courts in Quebec and Ontario will now review the agreement later this year to approve it.
The ANNOUNCED gasoline vehicles Hyundai consumption was then increased to between 0.2 to 0.8 liters per 100 km for city driving and on the highway. The data Kia were not immediately available.
Michael Peerless, the main law firm involved in these agreements amicably, has welcomed the decision of companies.
"Hyundai should be commended for asking the right thing and have settle this problem with its customers," he said.
At the same time, Hyundai and Kia had introduced a rebate program to cover additional costs related to this error evaluation. The company also offered a premium of 15 per cent of this amount to compensate customers for the inconvenience for the entire period during which they owns or leases a vehicle key by changing consumer promise.
The owners or tenants are compensated based on their mileage and fuel costs in the region where they live.
"While customers have responded favorably to the initial plan of redemption, today's regulation aims to offer them another option compensation, the aim is also to fully compensate customers for higher levels of fuel" , has said Faithlyn Hemmings, Chief Legal Officer at Hyundai Canada.
The lump sum provided for by the regulations Monday will be presented as an option in the rebate program.
The value of the settlement is estimated at $ 46.65 million and $ 23 million in monetary compensation and other options, but the actual amount spent by the manufacturer will depend on the choice of customers enrolled in the class action.
The amount of the compensation payment will depend on the model of vehicle, and any amounts already received under the current rebate program will be deducted.
The owner of a 2012 Elantra, for example, would receive $ 361, less any amount already received.
Other options are suggested, such as a credit worth 150 percent of the lump sum from a dealer, or a credit of 200 percent of the amount on the purchase of a new vehicle.
The courts of Ontario and Quebec should review arrangements for a possible approval later this year.
