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article imageHyundai, Kia to pay $100 million for misleading emissions figures

By Michael Thomas     Nov 3, 2014 in Technology
Hyundai and Kia are breaking a record the companies would rather not see broken — they will be paying $100 million for giving misleading figures on their vehicles' miles per gallon and emissions figures.
Consumerist reports that the $100 million will for to the Environmental Protection Agency (EPA) and the California Air Resources Board.
And that's not all the money the South Korean manufacturers will be parting with, per the EPA announcement. The civil fine is in addition to the $395 million that will be reimbursed to consumers.
The EPA complaint, filed jointly with the California Air Resources Board, said that the companies overstated fuel economy by as much as six miles per gallon on several vehicle models including the Hyundai Elantra and Accent, as well as the Kia Rio and Soul. Reportedly, the two companies sold about 1.2 million vehicles with the misleading figures.
In addition to the $100 million civil fine, Hyundai and Kia will also have to spend out $50 million to ensure that these violations don't happen again and give up 4.75 million greenhouse gas emission credits worth around $200 million. These credits are issued when a company builds a vehicle with emissions lower than the legal limit, which can in turn be used to offset emissions on less clean vehicles.
The EPA first became aware of the misleading numbers in 2012, when it found that Hyundai and Kia chose favourable results from its lab tests and not average numbers from the test as a whole.
More about Hyundai, KIA, Epa, fuel economy
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