A federal judge has denied Hyundai and Kia's $200 million settlement agreement in a multidistrict class action against the automakers following a car theft frenzy that targeted certain model years, ruling that the amount is not enough for some owners.
The settlement had offered different awards based on the severity of financial loss, and it was reached by Hyundai and Kia as well as lawyers representing plaintiffs who claimed their vehicles are too easy to steal because they lack engine immobilizers, a crucial anti-theft device.
About 9 million Hyundai and Kia vehicles spanning the 2011-2022 model years use a physical key instead of a push-button start system and do not have the capability to prevent the engine from starting without a key fob present. Last summer, videos on social media demonstrated how to easily hot wire the vehicles, sparking a nationwide crime spree.
Following the rampant spike in car theft, lawsuits against the automakers began popp…