LITTLE ROCK — Arkansas will receive $747,799 from a $41.2 million settlement that Hyundai and sister brand Kia agreed Thursday to pay to resolve accusations by multiple states that the companies misrepresented the mileage and fuel economy standards on some vehicles.
Attorney General Leslie Rutledge said in a news release the portion of the money going to Arkansas will be deposited into her office’s Consumer Education and Enforcement Fund.
The settlement resolves allegations by 33 states and the District of Columbia against Hyundai Motor Co., Hyundai Motor America, Kia Motors Corp. Inc. and Kia Motors America Inc. The companies did not admit any wrongdoing.
In November 2012, Hyundai and Kia said they were adjusting and restating the fuel economy ratings for certain model year 2011, 2012 and 2013 vehicles after it was revealed that the companies had overstated the fuel standards of certain vehicles.
The states alleged that Hyundai and Kia incorporated inflated and inaccurate data into the estimated mileage ratings displayed on the window stickers of hundreds of thousands of cars in Arkansas and across the country and sought to capitalize on the inaccurate mileage estimates by using them in advertising.
“Arkansans looking to purchase a vehicle have an expectation that the data presented to them by auto manufacturers is accurate,” Rutledge said. “Hyundai and Kia provided erroneous and misleading information, trying to take advantage of consumers while fuel prices were high. No company can be allowed to get by with this behavior.”
Hyundai said in a statement Thursday, “Following Hyundai’s ratings restatement in 2012, the automaker proactively contacted the state attorneys general and diligently produced information to a multi-state working group regarding the cause of the restatement and demonstrating that affected consumers had been fully reimbursed. It was these discussions with the attorneys general that ultimately led to today’s amicable agreement with 33 states and the District of Columbia.”