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US: Hyundai and Kia to pay record settlement over fraudulent mileage claims


South Korea’s carmakers Hyundai and affiliate Kia agreed to pay $350 million to the US government as punitive penalties because they exaggerated fuel economy ratings for their models. The US officials claim this is the largest-ever settlement for the mileage claims and the deal also follows another $395 million charge taken by the carmakers in December. That settlement was needed to ...
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