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