The South Korean car manufacturers Kia and Hyundai have lately been involved in lawsuits in the United States as a result of an increase in vehicle thefts related to specific models. The main cause of these thefts is because certain cars are missing an engine immobilizer, a crucial safety feature that keeps the car from starting without the right key.
A class action lawsuit over this problem has led to a proposed $3,375 payment for each impacted vehicle, showing the necessity for these vehicles to have stronger security features.
$3,375 Kia-Hyundai Class Action Lawsuit 2024
The security issues in some Kia and Hyundai cars sold in the United States before to 2021 are the subject of the $3,375 Kia-Hyundai Class Action Lawsuit 2024. Since engine immobilizers were not included in their production, robbers could easily choose these vehicles.
Social media users published videos showing how to start these automobiles with basic equipment like screwdrivers and USB cables, which brought attention to the issue. In reaction cities like New York filed lawsuits against the car manufacturers, leading to a significant settlement agreement to compensate owners of the affected vehicles.
KIA-Hyundai Class Action Settlement 2024
Certain Kia and Hyundai vehicles have security issues, which are brought to light by this class action complaint. The settlement, which has been preliminarily approved by the court, provides up to $3,375 per vehicle to those affected.
| Companies | Kia & Hyundai |
| Settlement | Kia-Hyundai Class Action |
| Country | USA |
| Amount | $3375 |
| Total Settlement | $200 million |
| Claim Deadline | By July 8, 2024, or within 90 days of the incident |
| Issue | Increased thefts due to missing engine immobilizers |
| Category | Government Aid |
The case was started after it was found that certain American-made Kia and Hyundai vehicles lacked engine immobilizers, a vital component that has been a standard in most vehicles since the 1990s.
As this method of stealing the vehicles spread online, thefts increased, causing legal action against Kia and Hyundai. Compensation will be provided by the $3375 Kia-Hyundai Class Action Lawsuit Settlement; as the case progresses, further information on eligibility and payment schedules will be made public.
$3375 Kia-Hyundai Class Action Lawsuit Car Series
Buyers of specific Kia and Hyundai models in the U.S. are eligible for the $3375 Kia-Hyundai Class Action Lawsuit Settlement. Eligible Kia models include the Optima, Forte, Sedona, Sorento, Sportage, Rio, Soul, Seltos, and K5. Hyundai models include the Elantra, Genesis Coupe, Accent, Santa Fe, Kona, Palisade, Sonata, Tucson, Veloster, and Veracruz. The settlement does not cover past or future thefts of these vehicles.
Kia-Hyundai Class Action Payout Amount 2024
The maximum payment amount for qualifying losses or damages has been set at $200 million by the settlement of the Kia-Hyundai class action lawsuit. Claimants may get up to $3,375 in compensation under this settlement, or 33% of their damages. In cases where a vehicle was completely lost due to theft, the payment could reach up to 60% of the vehicle’s Black Book value.
Kia-Hyundai Class Action Lawsuit Payout Dates 2024
- The payout dates for the Kia-Hyundai Class Action Lawsuit 2024 are still unknown.
- Kia and Hyundai, however, have reached a $200 million settlement.
- The lawsuit involves approximately 9 million individuals affected by engine immobilizer theft.
- Eligible customers may receive compensation based on the settlement terms.
- Maximum payouts could reach up to $3,375 or 33% of the vehicle’s value for losses or damage to personal property caused by these incidents.
Submit A Claim Form for $3375
Here are a few steps individuals can follow in order to submit a claim form for $3375 settlement:
- If you want to get certain advantages from the Non-Extended Warranty, finish the KSDS update before November 4, 2023.
- For most claims, submit by July 8, 2024. If the incident or costs are paid after June 7, 2023, file within 90 days.
- Make sure your claim form is completely filled out and filed before January 2024, and confirm that all conditions have been completed.
FAQs
Why are Kia and Hyundai in trouble?
Their cars are easier to steal because they lack a crucial security feature called an engine immobilizer.
How much money can I get?
You could get up to $3,375 if your car is affected. If your car was stolen and completely lost, you might receive up to 60% of its Black Book value.
Where can I get more information?
For more details, visit the official settlement website or contact the legal authorities handling the case.