Kia and Kia have agreed to settle a the United States class action lawsuit over engine defects for $758m . Hyundai will set aside $758m for the settlement, while Kia will pay $505m . The companies said in a statement that they would install software to monitor for symptoms of future engine failure as part of the settlement, while also offering compensation options and lifetime warranties. The deal will impact one Hyundai and Kia models equipped with Theta II gasoline direct injection engines.
Hyundai and Kia have agreed to settle a US class action lawsuit over engine defects for $758m. Hyundai will set aside $505m for the settlement, while Kia will pay $253m. The companies said in a statement that they would install software to monitor for symptoms of future engine failure as part of the settlement, while also offering compensation options and lifetime warranties. The deal will impact over four million Hyundai and Kia models equipped with Theta II gasoline direct injection engines.