Supporting Member (Lifetime)
Join Date: May 2009
Location: Philly PA
Mud on the face of Hyundai/Kia for sure.
However, their liability isn't too severe. If you figure this only affects 2001 and 2012 cars, and the actual difference in combined MPG is about 7% (on average 1-2 mpg) their total exposure is about $130 per vehicle sold. With 900,000 vehicle affected, they are out $11 million total if they extend their gas card compensation back to the date of purchase. If they extend it out to the normal life of the purchase, the cost will grow to nearly $70 million. If they extend it to 10 years, it's $160 million. (I doubt they will extend it past the current date, in any event)
Considering they made approximately $2.6 billion on the sales of those cars, they aren't taking too big of a hit.
And BTW, they still get some of the best MPG in class even after the revised numbers.
2006 Charger SRT-8
Built February 23, 2006
1969 Dart GTS 340
Built October 9, 1968
I will drive them until one of us dies!