Skip to content
Subscriber Only

Hyundai, Kia Pay Fine, Lose Credits Over Mileage Claims

Updated on

Hyundai Motor Co. and Kia Motors Corp. will pay the equivalent of $350 million to settle U.S. claims that they overstated fuel economy on the window stickers car buyers see at dealer showrooms.

Korea’s two biggest carmakers, which share engines, model platforms and a chairman, will pay a $100 million fine, forfeit $200 million in greenhouse-gas emission credits and spend $50 million setting up independent tests to certify future mileage claims, according to the settlement with the U.S. Justice Department and the Environmental Protection Agency.