Hyundai, Kia Allocate $412M For False MPG Claims

Korean car manufacturers Hyundai and Kia are spending big money to keep customers happy after the EPA discovered overstated fuel economy claims on several of its cars.

Most recently, Kia announced that it is setting aside $187 million, which pooled with Hyundai’s $225 million makes a whopping $412 million. Both brands promised to continue funding customers with prepaid gas cards to account for the difference in claimed and actual mileage as long as the owners keep their cars.

SEE ALSO: Hyundai, Kia MPG Error Will Cost $100 M: Moody’s

Moody’s Investor Services previously predicted the companies would lose $100 million annually to paying out gas┬áreimbursements.

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