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Violation Tracker Individual Record

Company: Kia Motors
Current Parent Company: Kia Motors
Penalty: $72,500,000
Year: 2024
Date: October 1, 2024
Offense Group: safety-related offenses
Primary Offense: product safety violation
Violation Description: Hyundai Motor and Kia Motors (of which Hyundai Motor owns about one-third) together agreed to pay up to $145 million to settle litigation alleging they sold vehicles with design flaws that made it easy for thieves to break in. Court papers did not indicate how much each company would pay. Here we assume they each paid one-half.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 8:22ml3052
Case Name: In Re: Kia Hyundai Vehicle Theft Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.