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Korean auto makers Hyundai Motor Co. and Kia Motors Corp. agreed to pay a combined penalty of $300 million for overstating fuel-economy claims, the largest such punishment ever, in a settlement that could create a pricey precedent for other car companies.
Hyundai and Kia, affiliates of Hyundai Motor Group, will pay a combined $100 million in civil fines and forfeit regulatory credits valued at $200 million to settle a two-year long probe by the U.S. Environmental Protection Agency and the Justice Department, the agencies said.
Ford Motor Co. is among other auto makers facing potential fines for similar practices.
Read more http://online.wsj.com/articles/u-s-fines-hyundai-kia-for-overstating-fuel-economy-1415028646
