Hyundai settles overstated horsepower lawsuit
Posted Jun 22, 2004, 9:30 AM ET by Christopher Diken
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Hyundai Motor America will be parting with $30 million in order to make up for the horsepower numbers it fudged over the past decade. Up to 858,000 Hyundai owners can get in on the class-action suit, which has been resolved with Hyundai offering debit cards worth $50 to $225 in regular currency or cards worth slightly more when used at Hyundai dealers. Power figures were off by almost 20-hp on a few V6 models, but many Hyundai owners saw a much smaller difference, for instance a so-called 140-hp Elantra packed a mere 136. 120,000 owners have already stepped forward and the final tally will most likely be close to 200,000, of which one or two may have actually taken horsepower into consideration before purchasing their Hyundai.
Hyundai's newest car will be advertised as a 200 hp sports car but will in fact only have 100 hp. In an endorsement deal with the Mets, the car will be called the "Carlos Beltran".