Hyundai and Kia said that owners of vehicles with overstated gas mileage ratings can register for compensation until at least the end of 2013.
Hyundai and Kia agreed to compensate dealers which take part in the program and reimburse owners of almost 1.1 million vehicles in North America after overstated gas mileage claims. The two companies said the owners will be reimbursed for as long as they own the cars. For example a driver traveling 15, 000 miles a year on average could get a $88 refund this year, besides future refunds for as long as they own the vehicle. The car’s odometers will be read at a dealership to be reimbursed.
On December 10th, Hyundai announced that owners can register for compensation until December 2013 at www.hyundaimpginfo.com and on www.kiampginfo.com, but based on the consumer response the deadline can be extended if necessary.
Hyundai and Kia said in their letter to Rockefeller that owners “are not required to sign a release or waiver any claims in order to participate in the program. They retain any legal rights they may have.”
Dealers will be paid about $10 for each odometer they read and a $1,000 goodwill provision payment. The automakers’ mistake might cost them more than $100 million, as only the odometers reading will reach $10 million annually.