Well, we knew this one was inevitable. A compliant filed in Ohio court against Hyundai and Kia due to their overly optimistic fuel economy claims.
Automotive News outlined the nature of the complaint, which is seeking class-action status
The complaint, filed Sunday in U.S. District Court for the Southern District of Ohio, seeks attorney fees as well as unspecified damages for U.S. consumers who purchased or leased any of the eight Hyundai and five Kia nameplates cited in the suit.
The suit also asks the court to permit Ohio consumers who bought Hyundai or Kia vehicles with misstated mileage labels to back out of their purchase or lease agreements.
Meanwhile, The Detroit News is quoting Moody’s on the cost of the debacle, with the ratings agency throwing out nine-figure sums as the cost of making things right
Moody’s, one of the nation’s major ratings houses, said it estimates that Hyundai Motor — including Kia — “will incur additional annual costs of about $100 million until the affected models are largely scrapped, which is less than 1 percent of its adjusted” earnings.