Hyundai, Kia Agree to Settlement Over Fake Fuel Economy Numbers Nearly 900,000 U.S. owners eligible for settlements. Although each Class Member’s situation differs, a potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. Other settlement benefits exist. Since that time Hyundai has paid fees, changed window stickers, offered lump sum settlements, and continues to be monitored by state attorneys. Under the terms of the proposed settlement Monday, a lump sum payment will be provided as an option to the reimbursement program. DETROIT (AP) -- Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars. EPA Tells Hyundai to Change MPG Labels on Dealership Lots ∞ The EPA said Hyundai and Kia need to lower their fuel economy ratings (MPG) for the majority of their 2012 and 2013 fleet. The EPA audited the vehicles … Preliminary approval is expected to take place in early 2014, KIA says. The companies put a figure to it Monday, saying Hyundai would pay up to $210 million and Kia up to $185 million. A potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. Lawyers for Hyundai and the plaintiff drivers said they plan to file more details on the settlement with the court. To date, the value of cards issued to … Hyundai and its sister company Kia said Monday that they will pay up to $395 million to consumers as part of a proposed settlement over overstated gas mileage. This settlement does not include a consumer restitution component, as the companies have already paid out hundreds of millions in restitution through programs offered directly by Hyundai/Kia and under a 2013 class action settlement. More than 4,300 Nevada consumers submitted a claim for benefits under a lifetime reimbursement program, offered by Hyundai and Kia. Hyundai offered a lump sum payment option as part of its settlement proposal. A proposed settlement has been reached in a … Here's how we got to this point. This program provides consumers with personalized cash debit cards as reimbursement for fuel costs. In addition, Hyundai also offered lump-sum payments as an option after the results of a class-action lawsuit. Consumers now get more choices in the settlement, including a single lump-sum payment. The payment varies depending on whether the vehicle was purchased or leased. Lump Sum Payment Option: The amount of the lump sum payment varies depending upon the year and model of the Hyundai vehicle that you owned or leased, plus certain other factors. Class Members can elect one of the following lump sum … Affected customers will be able to claim the lump sum after that. LOS ANGELES - Hyundai and its sister company Kia say they'll pay up to $395 million to consumers as part of a proposed settlement of overstated gas mileage. Hyundai Motor Co. and Kia Motors are also offering an option of a lump-sum payment. The lump-sum settlement still needs review by the court. The amount Hyundai would pay was not disclosed, but the filing said the class-action settlement would give owners the option of a lump-sum payment.. Hyundai and Kia … Hyundai has agreed to settle these lawsuits, while Kia is still evaluating the settlement proposal. Hyundai will offer the owners of the models with the inflated ratings a lump sum payment that will average $353. Hyundai had earmarked around $225 million for its compensation plans, and Kia another $187 million. Hyundai Motor Co. and Kia Motors are also offering an option of a lump-sum payment. The sums translate into an average lump sum payment of about $353 to owners and lessees of the roughly 600,000 Hyundai vehicles, while the approximately 300,000 owners of … Although each Class Member’s situation differs, a potential average maximum settlement benefit for those who elect a lump sum cash payment is $353. In a filing this week in U.S. District Court in Los Angeles, Hyundai says it will make lump-sum payments to around 600,000 owners of cars and SUVs from … So far, the company reports about 75 percent of … (High mileage drivers may receive greater amounts by participating in the Lifetime Reimbursement Program.) The settlement came after the U.S. Environmental Protection Agency found flaws in Hyundai’s and Kia’s testing procedures, and the automakers lowered … by Paul A. Eisenstein | Dec 24, 2013. More than 1,500 Nevada consumers submitted a claim for a lump sum payment, totaling more than $580,000. Hyundai and Kia overstated mileage by as much as 6 mph for vehicles such as this Soul. Lump Sum Payment Option: The amount of the lump sum payment varies depending upon the year and model of the Hyundai vehicle that you owned or leased, plus certain other factors. This is not a solicitation and you do not have to pay any money to qualify for settlement benefits. Hyundai Nearing Settlement of Gas Mileage Cases Hyundai says it will make lump-sum payments to nearly 1 million vehicle owners. Automaker Pleased to Reach Agreement and Provide Affected Customers with New Reimbursement Options Including a Lump Sum Cash Payment . Hyundai and Kia are also offering an option of a lump-sum payment. Dee-Ann Durbin, AP Auto Writer. IRVINE, Calif., December 23, 2013 – Kia Motors America (KMA) today announced a proposed settlement of disputes that were raised by current and former owners and lessees of vehicles affected by the automaker’s November 2012 restatement of fuel … Hyundai nearing settlement of gas mileage cases. Under the class action settlement, consumers could choose a lump sum payment or a lifetime reimbursement program. The companies put a figure to it Monday, saying Hyundai would … SEE ALSO: Hyundai, Kia Admit to Overstating Gas Mileage on Most Models. February 27, 2013, 5:29 PM . 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