The Kia Engine Class Settlement 2024 is a significant event for many car owners. It involves a large sum of money, $200 million, being paid to eligible claimants.
The lawsuit was filed due to serious issues with Kia and Hyundai vehicles. These problems included engine seizure, stalling, engine failure, and engine fire, primarily because of improperly installed immobilizers.
Summary of Kia Engine Class Settlement 2024
| Aspect | Details |
|---|---|
| Settlement Amount | $200 million to be transferred to claimants’ bank accounts |
| Eligibility Period | Vehicles from 2011 to 2022 affected by inadequate anti-theft technology |
| Key Concern | Improperly installed immobilizers leading to engine issues |
| Settlement Fund and Penalty | Around $1.5 million as the settlement fund, plus additional penalties |
| Payment for Qualifying Repairs | Basic amount of $140, with compensation for the car’s value and additional reparations |
| Final Settlement Schedule | Scheduled for July 2024 |
| Settlement Administration | Angeion Group appointed for eligibility checking and disbursement management |
| Eligible Claimants | Consumers with relevant documents proving purchase during the affected model years |
The class action lawsuit was initiated after drivers faced life-threatening issues with their vehicles. Kia Motor Company, Kia America, and others were named as defendants for these defects and for denying repairs under warranty in some cases.
The Case Background
Owners of Kia and Hyundai vehicles encountered significant safety risks. Faulty immobilizers failed to secure the cars properly, leading to hazardous situations on the road. The lawsuit’s approval on 31st October 2023 marked a crucial step towards resolving these issues.
Over 8 million vehicles could be affected. Owners from 2011 to 2022 models with inadequate anti-theft technology are eligible. Claimants must provide documents like warranty cards and purchase agreements to qualify.
Lawsuit Amount and Reparations
The court has decided on a settlement fund of approximately $1.5 million, alongside penalties. The compensation amount varies based on the vehicle’s defects and warranty status. Qualifying repairs include a basic amount of $140.
The final verdict and payment schedule are set for July 2024. The Angeion Group will oversee the eligibility verification and fund disbursement, ensuring rightful claimants receive their dues.
This settlement aims to compensate affected consumers adequately and address the serious safety concerns raised by the defective vehicles. It underscores the importance of vehicle safety and manufacturer accountability.
Frequently Asked Questions
What is the Kia Engine Class Settlement 2024?
The Kia Engine Class Settlement 2024 is a lawsuit settlement involving Kia and Hyundai vehicles with faulty immobilizers, leading to serious engine issues.
Who is eligible for the settlement?
Owners of affected vehicles from 2011 to 2022 models, who can provide necessary purchase and warranty documents, are eligible.
What was the cause of the lawsuit?
The lawsuit was filed due to improperly installed immobilizers, causing engine seizure, stalling, engine failure, and engine fire.
When will the settlement payments be made?
The final settlement payments are scheduled for July 2024, following the court’s final verdict.
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