The settlement will provide cash compensation to customers who suffered theft-related losses or damage not covered by insurance - as well as reimbursement for insurance deductibles, increased insurance premiums and other losses, Kia and Hyundai said.Ī software upgrade will also be provided to eligible owners. The settlement could be valued at $200 million and covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S., the companies said at the time. Last month Hyundai and Kia reached a settlement to resolve a class-action lawsuit prompted by a surge in vehicle thefts. “We remain committed to supporting our customers and to vehicle security,” Kia said.
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