How could two Korean car manufacturers: Hyundai and Kia, deliver bogus MPG estimates for over two years?
The latest scandal to rock the auto industry is the announcement these two car makers must pay owners of their products for the misleading fuel estimates they knowingly published on the MSRP and in all advertising materials. Consumers have long been led to believe the EPA and NHTSA are watching their back when cars are released for sale. From safety features and crash tests, which often affect insurance rates, to reliability and recalls for dangerous products, you can now add fuel economy to the list of items misrepresented by companies and company executives.
- ” Customers will receive a personalized debit card that will reimburse them for their difference in the EPA combined fuel economy rating, based on the fuel price in their area and their own actual miles driven. In addition, as an acknowledgement of the inconvenience this may cause, we will add an extra 15 percent to the reimbursement amount. Current owners will be able to refresh their debit card for as long as they own the vehicle. Prior owners of affected vehicles who have already sold their cars will also be reimbursed using the same formula. ” — from the Hyundai website…