1. Mileage Mischief
One of if not THE biggest automotive story to break in 2012 involves Hyundai and Kia. The South Korean duet admitted to overstating fuel-economy numbers on most of their models for the past THREE YEARS. Depending on nameplate, the discrepancy could be as high as 6 miles per gallon. An audit by the U.S. EPA uncovered the inconsistency.
To remedy the problem, Hyundai and Kia began replacing inaccurate window stickers and reimbursing nearly 1 million owners. Customers were paid back depending on how much they’d driven. Reimbursements will continue for as long as they keep their vehicles. As a nice gesture, the automakers added an extra 15 percent onto the total.
Hyundai and Kia may have royally screwed up but they’re handling the situation with grace. Let’s hope 2013 turns out to be a more honest year.