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Tuesday, May 30, 2023

Hyundai, Kia thefts legal fallout by the numbers

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Rajeshchandra Devjee
Rajeshchandra Devjeehttp://saindiamagazine.com/
Rajeshchandra Devjee is the Founder and President of the Brand SAIndia, a print publication that was launched in South Africa in 2001 with a strong logistics distribution to 3500 magazine retailers and FMCG stores nationwide. The growth of the brand in its later years succumbed to a slow decline in print sales due to the inception of the 4th industrial revolution. To this day the brand has grown in leaps and bounds thanks to the advent of social media platforms and mobile app technology. SAIndia is now available on the internet and mobile platforms in 177 countries and growing at a phenomenal rate, acquiring an audience from all walks of life whose interests range from politics to fashion and other genres.

Hyundai and Kia are under pressure from lawsuits and regulators after a wave of car thefts last year. The wave was prompted by TikTok video that showed how to hot-wire Hyundai and Kia vehicles that lack an anti-theft device.

Here’s the fallout by the numbers:

  • 9 million: Hyundai and Kia vehicles on the road without immobilizers
  • 9: Cities suing the automakers
  • 18: State attorneys general who have petitioned NHTSA to issue a recall of vehicles without immobilizers
  • 8: Fatalities related to stolen Hyundai and Kias without immobilizers, according to NHTSA
  • 68: Insurance companies suing Hyundai and Kia over the vehicles
  • $200 million: Settlement amount Hyundai and Kia agreed this month to pay to consumers in a class-action lawsuit over the lack of immobilizers
  • $600 million: How much attorneys estimate the insurance industry will end up paying out to affected owners
  • $5 billion: How much attorneys estimate a nationwide recall of the Hyundai and Kia vehicles would cost
  • 96: Percentage of vehicles from other manufacturers that included immobilizers as standard equipment by 2015
  • 26: Percentage of Hyundai and Kia models that included immobilizers as standard equipment by 2015
  • 114: The Federal Motor Vehicle safety standard number for NHTSA’s rule on “Theft Protection and Rollaway Prevention,” requiring automakers to install an ignition system on each vehicle that prevents it from starting or being steerable without the presence of the key.

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