backtop


Print 27 comment(s) - last by danwat12345.. on Mar 25 at 10:30 PM

This time, Hyundai gets called out in home market of South Korea

Hyundai/Kia last caught flak in late 2012 with regards to inflated fuel economy claims in over 1 million vehicles. After being audited by the EPA, the company admitted that “errors” were made in its fuel economy calculations.
 
“Given the importance of fuel efficiency to all of us, we’re extremely sorry about these errors,” said John Krafcik, president and CEO of Hyundai Motor America, back in November 2012. 


2015 Hyundai Sonata
 
It appears that Hyundai didn’t learn its lesson the first time around (which cost is nearly $400 million), and has admitted to another “error” in calculating the fuel economy for its redesigned, home-market Sonata. Hyundai had initially stated that the revised sedan saw its fuel economy improve by 6 percent compared to the previous model. However, government testing showed that the improvement was only 2 percent.


 
The 6 percent improvement also seemed incredibly optimistic given that the revised Sonata is actually heavier than the model it replaces.
 
Hyundai has since apologized for the irregularity, stating that it is “very sorry for causing confusion.”

Sources: Reuters, Autoblog Green, Detroit News



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Not fines, jail time
By Reclaimer77 on 3/18/2014 4:25:23 PM , Rating: 2
Throw someone in jail, that you have NO proof was even involved, over a 4% discrepancy in fuel economy?

No, we have enough people in jail already. Your punishment for such a small thing is cruel and unusual.


RE: Not fines, jail time
By TSS on 3/18/2014 8:07:16 PM , Rating: 2
Correction: There's enough middleclass/poor people in jail already.

I'm sure everybody here could agree we can find a few more jail cells for white collar criminals.

The OP does have a point. Maybe the CEO doesn't need to go to jail but somebody should. Look through the company files like emails and i'm sure somebody will turn up to take the fall. The more serious the offence the higher up the person thrown in jail.

Maybe a 4% disrepancy is too much to throw the CEO in jail for but atleast the head of marketing could do 100-200 hours of community service or something like that. Considering it was the community that was defrauded in the first place i'd say it'd fit the crime.

Otherwise it just sends the signal that consumer fraud is A OK. Though to be honest, considering what banks where paid to get away with in the last few years, that point might've been crossed long ago.....


"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki