The automobile giant Hyundai Motor is manufacturing both Kia and Hyundai. A defect that left some car models very vulnerable to theft has caused New York City to launch a lawsuit against Kia and Hyundai, joining a slew of other cities concerned about a social media-fueled surge of auto theft. According to the complaint, these cars, which are made between 2011 and 2022 and do not have an engine immobilizer, are vulnerable to theft and other harm due to design defects. The critical anti-theft component of an engine immobilizer is missing from these automobiles, which is a major error that makes them ideal targets for thieves.
Robbers could select these cars with ease since engine immobilizers were not incorporated into their manufacture. People raised awareness to the problem by posting videos on social media that demonstrated how to start these cars using simple tools like USB cords and screwdrivers. Cities such as New York retaliated by suing the automakers, which resulted in a Kia-Hyundai Class Action Lawsuit 2024 deal to pay the impacted vehicle owners.
Kia-Hyundai Class Action Lawsuit 2024
Two large Companies with a prospective market for their products are the target of a lawsuit. The likelihood of theft resulting from an inadequate security system has sparked concerns over the latest models of KIA and HYUNDAI cars. The cases have been presented in several places, including New York. Users have lodged concerns about certain models that were introduced in the first quarter of 2011. These Companies have experienced huge sales growth because to the cars’ eye-catching appearance and affordable costs.
However, prospective purchasers have claimed theft and other mishaps in recent years. Users have brought up the issue of the models lacking the engine immobilizer, a basic automotive security equipment. The basic screwdriver and USB cables can be readily utilized for theft because they lack these useful capabilities. The continued practice of posting videos of these cars on social media channels gave rise to the complaint.
Kia-Hyundai Class Action Settlement 2024 details
| Companies Involved | Kia & Hyundai |
| Settlement | Kia-Hyundai Class Action |
| Country | USA |
| Amount | $3375 |
| Total Settlement | $200 million |
| Claim Submission Deadline | January 11, 2025 |
| Settlement Website | kiatheftsettlement.com |
Kia-Hyundai Class Action Lawsuit 2024 Eligibility
To be eligible to get them, though, you have to follow up on a Kia-Hyundai Class Action Lawsuit 2024 Eligibility Requirements. Both the automobile registered in the District of Columbia and the upgrade are available in all fifty states. However, these agreements are not relevant because Guam, Puerto Rico, and the US Virgin Islands can now register. The table below lists the cars registered for a specific year as well as the models that are compatible with software updates.
| Vehicle Model | Model Year |
|---|---|
| KIA Forte | 2011-2021 |
| KIA K5 | 2021-2022 |
| KIA Sedona | 2011-2021 |
| KIA Optima | 2011-2020 |
| KIA Seltos | 2021-2022 |
| KIA Soul | 2011-2022 |
| KIA Rio | 2011-2021 |
| KIA Sportage | 2011-2021 |
| KIA Sedona | 2014 |
Kia-Hyundai Class Action Compensation Details
Approved claims may be funded from a Common Fund of between $80,000,000 and $145,000,000 for all Class Members. This fund reimburses for costs associated with the software upgrade or vehicle theft or attempted theft. Compensation for a range of expenses and losses may be paid to claimants, including:
- Cars lost as a result of a Qualifying Theft or Attempt may be eligible for up to 60% of their Black Book value.
- If there is a loss or damage to personal property during such situations, the higher of $3,375 or 33%.
- Up to $250 is set aside for supplemental costs like towing, transportation, or fines resulting from the theft or attempt.
- A maximum of $250 in total for childcare expenses and missed income resulting from the software upgrade procedure.
Payment Dates on Kia-Hyundai Class Action Lawsuit
The Kia-Hyundai Class Action Settlement 2024 Payment Dates are still uncertain. On the other hand, Kia and Hyundai have settled for $200 million. 9 million or so people are impacted by engine immobilizer theft, according to the complaint. Depending on the conditions of the settlement, eligible clients could get paid. If these occurrences result in losses or expenses to personal goods, the maximum reimbursement may be $3,375, or 33% of the vehicle’s worth.
How can i Claim for this lawsuit
- Browse the settlement website kiatheftsettlement.com to begin the claim filing process.
- Once there, click the menu item labeled “Claim Form.”
- After that, you will have to see if your car is eligible for a claim.
- Now share details like, your name, zip code, state, email address, and phone number and do share Vehicle Identification Number (VIN).
- Choose the kind of compensation you may be eligible for in relation to a potential ABS module problem or malfunction.
- Depending on the kind of compensation, affix any supporting documentation with your claim.
- Make sure everything is recorded correctly before submitting, and make a note of the filing date.
- To complete the Kia-Hyundai Class Action Lawsuit 2024 Claim procedure, click the “Submit” button.
Jaxon Elias is a writer, poet, and finance expert. He graduated from the Craig School of Business in 2014 and later completed the “Leading with Finance” course from Harvard University Online. Additionally, he has worked as a freelancer for various media houses