Kia & Hyundai will pay $145 million as a settlement payment to the car owners. This $145 Million Settlement Amount is liable to be paid on behalf of compensation for theft of some certain model. Therefore, people who experience financial loss and have purchased certain models can receive R145 million as compensation. Kia & Hyundai needs to pay this settlement amount after the Class Section Lawsuit is filed against the Hyundai Motor Group. According to this lawsuit, the allegation is made by a certain group of people that the company has not worked properly on the locking system which made it easy for thieves to theft certain car models.
$145 Million Kia & Hyundai Anti-Theft Class Action Settlement 2024
After the Class Action Lawsuit, the company agreed to pay $145 Million in Compensation Amount to certain car owners. Therefore, any individual eligible car owner who meets certain criteria can receive this payment. This payment will distributed after necessary deduction and will be distributed among all the valid claimants. Kia & Hyundai has also put their words that having theft of certain models is not the fault of the company. Therefore, they should not be sued with the Class Action Lawsuit. They should also blame the thieves for the theft of certain models. Instead of it, they are blaming the company for its manufacturing defect. However, Kia & Hyundai company has agreed to pay the $145 Million Settlement Amount after the final hearing.
People are looking for more updates and information related to the final settlement amount, payment date, and many more. So, people need to read this article properly to understand and gather more information related to the $145 Million Kia & Hyundai Anti-Theft Class Action.
Kia & Hyundai Class Action Lawsuit- Overview
| Article On | $145 Million Kia & Hyundai Anti-Theft Class Action |
| Country | USA |
| Department | Kia & Hyundai |
| Beneficiary | Kia & Hyundai Car Owners |
| Amount | $145 Million |
Kia & Hyundai Anti-Theft Class Settlement Payment Eligibility
Every individual is not able to receive the Kia & Hyundai Anti-Theft Settlement Amount. Therefore, people need to meet certain criteria which include simple steps. Individuals who like to receive this payment should have purchased at least one model between 2011 and 2022 from the following.
| Car Model | Year Model |
| Kia Forte | 2011-2021 |
| Kia K5 | 2021-2022 |
| Kia Optima | 2011-2020 |
| Kia Sedona | 2011-2021 |
| Kia Sorento | 2011-2022 |
| Kia Rio | 2012-2021 |
| Kia Seltos | 2011-2022 |
| Kia Sportage | 2011-2022 |
| Kia Soul | 2020-2022 |
What is the $145 Million Kia & Hyundai Anti-Theft Class Action Lawsuit?
People are looking for the proper information to understand the Kia & Hyundai Anti Theft Class Action Lawsuit. This lawsuit is filed against Kia & Hyundai who have sold their certain vehicles without engine immobilizer. Therefore, it causes susceptibility and increases the risk of theft. Moreover, there is various evidence that certain models have been theft with increased numbers in comparison to other car models. Therefore, people made the Kia & Hyundai Class Section Lawsuit against certain models. Due to certain lack of security features in certain cars, it reduces the cost of the car but increases the risk of theft.
It is claimed that Kia & Hyundai have sold vehicles that do not have proper theft protection. It increases the theft chances including financial losses for the car owners. Theft protection system allow people to park their cars anywhere. However, to lack of a protection system and lack of engine immobilizers, increases the risk of theft with easy hands. Therefore, vehicles can also be started without any key which increases the chance of theft. It makes it easier for thieves to theft certain models of Kia & Hyundai. However, Kia & Hyundai have also accepted that their securities system is not sufficient to provide a protection feature to certain models. Therefore, they need to pay $145 Million in Compensation Amount to certain car owners either to install an anti-theft protection system by themselves.
Kia & Hyundai Settlement Payment Amount
People are looking for updated information regarding the payment amount. It is the amount they can receive from the $145 Million Anti-Theft Kia & Hyundai Settlement Amount. People are searching for information about the final settlement amount. So, people need to know that they will paid according to expenses made by owners. It may include total loss, insurance deductible, software upgrade charges, and many more. It can help them to calculate the total amount Kia & Hyundai will provide as the settlement amount. People need to calculate the total loss, sales tax, license fee, registration fee, and expenses which are associated with vehicle purchasing or vehicle replacement.
People need to know that they will provided the $145 Million Kia & Hyundai Compensation Amount according to different criteria and conditions. So, people can receive for total loss damage to the class vehicle and property lost, income insurable, insurance deductibles, software upgrades, and eligibility. So, people should keep proper information about $145 Million Class Settlement Benefits.
Kia & Hyundai will pay car owners according to these conditions. For insurance detectable, people can claim up to $375 for increased premiums due to theft or attempted theft. Car owners are also able to receive $250 to increase childcare costs for the software upgrade. People will also receive $50 for purchasing steering wheel locks or other anti-theft devices. It must have been purchased within 30 days before the availability of the software upgrade. This payment can be received after the final approval from the court. People need to wait until this $145 Million Kia & Hyundai Anti-Theft Class Settlement is released.
Kia & Hyundai $145 Million Settlement Dates
People are highly excited to know the $145 Million Kia & Hyundai Settlement Payment dates. Kia & Hyundai car owners are looking for information where they can know the exact payment date. People should need to know that there is no present information on the settlement amount release date. However, people need to have patience and wait a few more times to receive the information about the release of the settlement date.
A $145 Million Settlement Payment will be provided among certain car owners. Therefore, people are highly excited to receive this payment. So, people need to know that 15 July 2024 is the final settlement hearing date in the court which will allow to release of the $145 Kia & Hyundai Settlement Payment among individuals. So, people need to wait for the final hearing and information associated with it for the public.
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Ember Orion is a journalism student who loves to write about social security and government schemes. Ember’s dream is to become a top-level anchor in the USA.