Hyundai and Kia will repair millions of vehicles under a deal to fix anti-theft technology
NBC News••business
Key Points:
- Hyundai and Kia will provide free repairs to about 9 million vehicles nationwide under a $500 million settlement due to inadequate anti-theft technology, as announced by Minnesota Attorney General Keith Ellison.
- The settlement requires the automakers to install engine immobilizers on all future U.S. vehicles and pay up to $4.5 million in restitution to victims of theft-related damage.
- The investigation, led by 35 states, was prompted by a surge in thefts linked to social media videos demonstrating how to steal these cars using simple tools, with Minneapolis reporting an 836% increase from 2021 to 2022.
- Hyundai and Kia were found to have installed engine immobilizers in vehicles sold in Canada and Mexico but not
