Monday, June 24, 2024

Artificial Intelligence news

Synthesia’s hyperrealistic deepfakes will...

Startup Synthesia’s AI-generated avatars are getting an update to make them even...

How underwater drones could...

A potential future conflict between Taiwan and China would be shaped by...

How generative AI could...

First, a confession. I only got into playing video games a little...

I tested out a...

This story first appeared in China Report, MIT Technology Review’s newsletter about...
HomeTechnologyHyundai, Kia agree...

Hyundai, Kia agree to $200M settlement over car thefts: lawyers


Hyundai Motor and Kia agreed to a consumer class-action lawsuit settlement worth more than $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners said on Thursday.

In February, the Korean automakers said they would offer software upgrades to 8.3 million US vehicles without anti-theft immobilizers to help curb increasing car thefts using a method popularized on TikTok and other social media channels.

The settlement covers about 9 million US owners and includes up to $145 million for out-of-pocket losses for consumers who had cars stolen, lawyers for the owners said.

Hyundai and Kia said they will compensate owners “who incurred theft-related vehicle losses or damage in addition to reimbursement for insurance deductibles, increased insurance premiums, and other theft related losses.”

For customers whose vehicles cannot accommodate security software upgrades, the Korean automakers will provide up to $300 for the purchase of steering wheel locks and other theft deterrent or prevention devices.


In February, the Korean automakers said they would offer software upgrades to 8.3 million US vehicles without anti-theft immobilizers.
AP

“The settlement will provide benefits as soon as possible to those who have suffered out-of-pocket losses,” said Steve Berman, a lawyer representing owners.

TikTok videos showing how to steal cars without push-button ignitions and immobilizing anti-theft devices has led to at least 14 reported crashes and eight fatalities in the United States, regulators said in February.

The consumer settlement covers owners of 2011 through 2022 model year Hyundai or Kia vehicles with a traditional “insert-and-turn” steel key ignition system. It includes payments for total loss of vehicles up to $6,125, damage to vehicle and personal property up to $3,375 and insurance-related expenses.


Kia sign
The settlement covers about 9 million US owners.
AP

Other related expenses including car rental, taxi or other transportation costs not covered by insurance are also included by the settlement.

Owners can get reimbursed for towing costs and for stolen vehicles that suffered crashes or were never recovered, as well as payments for tickets or other penalties or fines incurred arising from a stolen vehicle.

Many major cities have sued the automakers over the thefts including St. Louis, Missouri, Cleveland, Ohio; San Diego, California; Milwaukee, Wisconsin; Columbus, Ohio; Baltimore and Seattle.



Article Source link and Credit

Continue reading

Bugatti unveils new sports car with 1,800 horsepower and a $4M price tag

High-performance automaker Bugatti has unveiled its next-generation hyper sports car, the Tourbillon, its successor to the Chiron. The French luxury car manufacturer said it named the new model after a watchmaking invention made by a Swiss-born “genius” living in France in 1801, describing...

Meta, Apple reportedly discuss partnership to add AI to iPhones

Facebook parent Meta Platforms has discussed integrating its generative AI model into Apple’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. The move comes as Apple plans to add technology from other AI companies on its devices amid reports that it was...

X CEO Linda Yaccarino shakes up inner circle amid pressure from Elon Musk to boost sales, cut costs: report

Linda Yaccarino, the chief executive of social media platform X, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month Yaccarino fired her...