Hyundai Fined $19 Million

B

Blinker

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This is a bit unnerving. I really am beginning to question whether Hyundai knows what they’re doing. They make so many mistakes and have been fined more times than I can count the last couple of years, not to mention their large $ class action lawsuits.

www.consumerfinance.gov

CFPB Orders Hyundai to Pay $19 Million for Widespread Credit Reporting Failures | Consumer Financial Protection Bureau

Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide consumer reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016...
www.consumerfinance.gov www.consumerfinance.gov
 
That is disheartening, coming from someone who has never owned an Asian brand vehicle. I was hoping Hyundai/Kia would become a quality alternative for more robust competition.

If I interpret the article correctly, 13.2 million dollars to 2.2 million affected customers = about $6 each.
 
Blinker said:
This is a bit unnerving. I really am beginning to question whether Hyundai knows what they’re doing. They make so many mistakes and have been fined more times than I can count the last couple of years, not to mention their large $ class action lawsuits.

www.consumerfinance.gov

CFPB Orders Hyundai to Pay $19 Million for Widespread Credit Reporting Failures | Consumer Financial Protection Bureau

Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide consumer reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016...
www.consumerfinance.gov www.consumerfinance.gov
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Just to be clear-
jalopnik.com

Ford Faces Potential $1.3 Billion Fine For Skirting 'Chicken Tax' Regulations With Transit Connect Imports

Back in the 1940s the U.S. government implemented a cash prize for chicken breeders who could produce bigger birds in less time. Here in 2021, the domino effect has had its way with the world as Ford is potentially facing a 1.3 billion dollar fine for importing Transit Connect vans to from...
jalopnik.com jalopnik.com
www.forbes.com

Ford To Pay $19.2 Million In Multistate Settlement Over False Advertising Allegations

Ford Motor Company was accused of advertising inaccurate fuel economy figures and payload capacity for its 2013-2014 C-Max hybrids and 2011-2014 Super Duty pickup trucks.
www.forbes.com www.forbes.com
www.huffpost.com

Ford Fined $17.35 Million, No Press Release From NHTSA

Saige Bloom was 17-years-old. Her mom took her to a Ford dealership in Arizona to buy her first car -- a 2002 Ford Escape. Bloom was driving the car home from the dealer in May 2012 when the Escape started to accelerate...
www.huffpost.com www.huffpost.com

Ford Class-Action Lawsuits

Checkout these 22 class-action lawsuits for common Ford problems. Because sometimes automakers need a little push to do the right thing.
www.fordproblems.com www.fordproblems.com

To be honest- I could probably find as much on every auto maker.
 
PWMDMD said:
That’s not even close to being painful. That fine wasn’t even a slap on the hand…it was permission for Hyundai to do as they please because there will be no real consequences.
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Monetarily, yes. But in the public eye, it brings awareness to ****ty practices by a corporation.
 
my old Sonata was the best car i ever owned. and the only non American. (in order of ownership: Chevy, Olds, Hyundai, Dodge, Mercury, Ford)
8.5 yrs and roughly 100k mi it was almost never in the shop. and 90% of what did put it in was covered under warranty. ( Dead Tacho, 2 failed window regs (both front), and at the VERY end of the 100k mi warranty (like pulled in to the shop @ 99,990) Replaced failed CV boots, They Replaced The Front Subframe at the same time a rust recall. I wouldn't be suprised if the subframe rot is what caused the boots to "rupture")

It did like to eat non OE belts, but as soon as a genuine oe was used, no Problems. and it consistently burned a qt of 10w30 every 1000 mi. and the Doors liked to Freeze shut.
just minor stuff.

My last 2 cars have been Fords, and my next one probably will be too, I'm well aware of how ****ty they've been lately. Def. need some one to shake 'em up and get back to the "quality is job 1 days"...
 
tyman said:
Monetarily, yes. But in the public eye, it brings awareness to ****ty practices by a corporation.
Click to expand...

Unfortunately I doubt it. The public will only know the manufacturer stereotypes. The Ford PowerShift fiasco was barely known to the public.
 
Pew said:
Unfortunately I doubt it. The public will only know the manufacturer stereotypes. The Ford PowerShift fiasco was barely known to the public.
Click to expand...
Do you know how many 6.0s were sold? I don't know but I'm betting it's not a small number. It was 4 model years and two different models (The "F" and "E" series). How many owners were told to "take a hike" after a warranty claim FOR A SECOND MOTOR? It was a fiasco of major proportions.
 
As long as Hyundai Group has a comparable model that sells for thousands less than Toyota or Honda or Mazda, they will be able to compete in the automotive market. Nowadays, people are less willing to pay for quality and are looking mostly for affordable prices. The Nissan Altima is garbage, and is also very popular because it costs much less than a Camry / Accord / Six. However, the long-term cost of ownership is probably higher than a quality model that costs more up-front. Everything is disposable nowadays, including a company's reputation for quality.
 
DGXR said:
As long as Hyundai Group has a comparable model that sells for thousands less than Toyota or Honda or Mazda, they will be able to compete in the automotive market. Nowadays, people are less willing to pay for quality and are looking mostly for affordable prices. The Nissan Altima is garbage, and is also very popular because it costs much less than a Camry / Accord / Six. However, the long-term cost of ownership is probably higher than a quality model that costs more up-front. Everything is disposable nowadays, including a company's reputation for quality.
Click to expand...
Have you seen the cost of new Hyundais? Price wise their MSRP’s are nearly identical to Toyota and Honda and people are paying it, especially in this current market. Nissans aren’t as bad as some people say.
 
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