Hyundai, Kia Sued In US For Lack Of Anti-theft Technology In Some Models
A Seattle City attorney in the US has filed a lawsuit against Hyundai Motor and its affiliate Kia for the lack of anti-theft technology in some of their models, the carmakers said.
In the suit filed in the federal court, Seattle City Attorney Ann Davison argued the carmakers' failures to install anti-theft technology in some vehicles led to a sharp increase of their car theft in Seattle and other regions.
The city said from 2021 to 2022, thefts of Hyundai and Kia cars increased by 503 per cent and 363 per cent, respectively, reports Yonhap news agency.
Hyundai and Kia expressed regret over the legal action in Seattle while apologising for the inconvenience to affected customers.
"In response to increasing thefts targeting our vehicles without push-button ignitions and immobilizing anti-theft devices in the United States, Hyundai Motor America has made engine immobilisers standard on all vehicles produced as of November 2021," Hyundai said in a statement.
In addition, the company has taken a series of actions to deter thefts of affected vehicles, including an upcoming software update set to be available from next month and provided at no cost to customers, it said.
Kia said it has been developing and testing enhanced security software for vehicles not originally equipped with an immobilizer and has started notifying owners of certain models of the availability of this software upgrade at no cost to customers.
Kia plans to make software upgrades available for most affected vehicles by mid-2023.
--IANS
na/ksk/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more