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U.S. appeals court to reconsider Hyundai-Kia gas mileage settlement


Added 07-27-18 04:03:01pm EST - “A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy was inflated.” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “U.S. appeals court to reconsider Hyundai-Kia gas mileage settlement”. Below is an excerpt from the article.

(Reuters) - A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) vehicles whose fuel economy was inflated.

The 9th U.S. Circuit Court of Appeals in San Francisco on Friday said a Jan. 23 decision by a three-judge panel to decertify the 2013 settlement was no longer precedent, and an 11-judge panel will review the matter.

No explanation was given, and no timetable was set for the so-called “en banc” rehearing.

Hyundai said in a statement that it “continues to support the nationwide class action settlement” and is pleased there will be a rehearing. Kia said in a separate statement that it “appreciated the opportunity” to have the case reheard.

The settlement came after the U.S. Environmental Protection Agency found flaws in Hyundai’s and Kia’s testing procedures, and the automakers lowered their fuel efficiency estimates for about 900,000 vehicles in the 2011, 2012 and 2013 model years.

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