Hyundai and Kia fined $100m for misleading customers on fuel economy

(0-nothing, 3 Nov 2014) Car-makers must also forfeit $200m worth of carbon credits after understating lifetime CO2 emissions on some of its models by about 4.75m metric tons.

Hyundai and Kia have agreed to pay $100m (£62m) in fines and forfeit $200m in credits for misleading customers about the fuel economy of more than a million cars sold in the US.

Monday’s fine for the South Korean car-makers is the largest in the 50-year history of the Clean Air Act, and could set a precedent for Ford and other car companies audited for similar practices.

Hyundai and Kia agreed to the fines after the Environmental Protection Agency (EPA) and the Justice Department found the car-makers had misled consumers about fuel economy and greenhouse gas emissions on several models, including the popular Accent and Elantra.

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0-nothing, 3 Nov 2014: Hyundai and Kia fined $100m for misleading customers on fuel economy