Hyundai and Kia reached a $200 million settlement today on the class-action lawsuit brought by vehicle owners over widespread car thefts. The settlement covers approximately 8.3 million 2011 through 2022 model-year Hyundai and Kia vehicles with traditional key ignition systems that lack anti-theft devices.
Up to $145 million of the settlement covers compensation for out-of-pocket losses incurred by consumers who had their Hyundai or Kia cars stolen. This compensation includes a maximum of $6,125 for damage to the vehicle and personal property and $3,375 for insurance-related expenses like insurance deductibles or increased insurance premiums.
