Hyundai, Kia Set Aside $758M To End Suits Over Engine Fires

Law360 (October 11, 2019, 1:01 PM EDT) -- Hyundai and its affiliate Kia on Friday said that they have earmarked up to $758 million to settle class actions over a defect that allegedly caused engines of cars in the U.S. and South Korea to burst into flames.

The deal covers 4.17 million Hyundai and Kia models equipped with Theta II gasoline direct injection engines and will provide a number of options for cash compensation, lifetime warranties and repairing the engines, the companies said in a statement. The companies also said they would install software in the cars to monitor the engines and will also cover expenses for past repairs, such as...

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