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Automakers Lie On Mileage Figures – $350 Million Settlement

You may be able to get some great deals at local auto dealers this holiday season, especially as we approach December 31st.  Nothing says new years resolutions like purchasing a vehicle with better fuel and mileage standards.  You shop, you find the deal, and you are set to get 10-MPG more, right??  Maybe not.  Hyundai and Kia, two very popular brands have just settled a lawsuit arising out of overstating their mileage figures.

The two companies have agreed to a $350 million settlement with the U.S. government related to charges the Korean automakers overstated the fuel efficiency of their vehicles. The settlement is being touted by government officials as the largest of its kind. The settlement comes after an investigation determined Hyundai-Kia had overstated the mileage figures on an estimated 1.2 million of its 2012 model vehicles. The settlement was announced Nov. 3.

As part of that settlement agreement, Hyundai and Kia agreed to amend the window stickers on its vehicles to reflect the correct miles-per-gallon (MPG) fuel usage. Most vehicles were off by 1- or 2-MPG, but some Kia models were wrong by as much as 6-MPG.