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Overstated   In dozens of U.S. states

Hyundai, Kia to pay $41.2m to settle investigations over fuel economy ratings

Hyundai investigationsHyundai Motor Co. and Kia Motors Corp. have agreed to pay $41.2 million in a settlement to end investigations in dozens of U.S. states over inflated fuel economy ratings of some of their vehicles, an official said Thursday.

The South Korean automakers agreed to make the payment to settle investigations in 33 states and Washington, D.C., a Hyundai official said, adding that all administrative procedures with regard to the fuel economy issue have now been completed. The payment is expected to be made in December.

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READ MORE Hyundai Motor affiliate fined for unfair business with subcontractors

In late 2014, the two carmakers also paid $100 million in fines to the Environmental Protection Agency and forfeited environmental credits worth $200 million for overstating fuel economy claims on 1.2 million vehicles.

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