Reuters: Politics: Senator presses Hyundai, Kia on compensation plans

Reuters: Politics Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Senator presses Hyundai, Kia on compensation plans Nov 30th 2012, 18:04 Tweet Share this Email Print Related News Fuel mileage exaggeration to cost Hyundai-Kia $100 million: Moody's Tue, Nov 6 2012 Hyundai, Kia fuel economy fiasco seen as key test; shares dive Mon, Nov 5 2012 Hyundai, Kia overstated mileage on more than 1 million cars Fri, Nov 2 2012 Hyundai Motor posts record Oct sales, but shares fall on recall talk Thu, Nov 1 2012 Related Topics Investing Simplified » Politics » 1 of 3. The logo of Hyundai Motor is seen on the wheel of a car at a Hyundai dealership in Seoul April 26, 2012. Credit: Reuters/Kim Hong-Ji WASHINGTON | Fri Nov 30, 2012 1:04pm EST WASHINGTON (Reuters) - A senior U.S. senator is pressing Hyundai Motor Co. and its affiliate Kia Motors Corp. on their plans to compensate customers for inflated fuel-efficiency claims the two companies admitted earlier this month. Hyundai and Kia have agreed in negotiations with the Environmental Protection Agency to reimburse customers for additional fuel costs. Under the plan, customers who purchased one of 13 Kia or Hyundai models from the 2011 to 2013 model years will receive a debit card to reimburse them for the difference in fuel economy and an extra 15 percent will be added to the account to acknowledged the inconvenience. "While I believe this is a positive step, I am concerned that many affected customers may not learn about the program or may find it burdensome to participate," Senate Commerce Committee Chairman Jay Rockefeller said in separate letters to the heads of Hyundai and Kia's U.S. divisions on Thursday. He pressed the executives to explain by December 14 how their companies will "maximize the effectiveness and the accessibility" of the program and their plans to reach customers who might not initially take advantage of it. (Reporting By Doug Palmer; Editing by Bill Trott) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions