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Hyundai Said Overstated Mileage Claims Did Not Hurt Sales

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Hyundai Said Overstated Mileage Claims Did Not Hurt Sales

Hyundai Motor America President and CEO John Krafcik said that the automaker’s sales were not affected by the overstated mileage claims.

Besides the fact that sales were not affected, Mr. Krafcik also said that November sales will be an all-time record due to the new Veloster C3 Roll Top concept and the seven-passenger Santa Fe, presented at the Los Angeles Auto Show.

At the beginning of this month both Kia and Hyundai admitted overstating the estimated fuel economy at almost 900,000 cars sold since 2010. The companies are willing to spend millions of dollars for these faulty claims as long as the owners keep their vehicles.

Krafcik said that despite the cost of reimbursements the automaker will not lose money and any potential revenue loss will not affect the supply of vehicles. In September, Hyundai added a third shift at its Alabama factory. Kia and Hyundai want to lower the fuel economy estimates for the majority of their 2012 and 2013 models by 1 to 6 miles per gallon.

The U.S. Environmental Protection Agency is currently investigating how the vehicles’ mileage was overstated and there have been rumors that the false advertising is also investigated by the Federal Trade Commission.

by Ana Cezara Savin (my Google+) - Friday, November 30th, 2012 - filed under Hyundai, Kia, News. Image credit: .
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