Hyundai and Kia vehicles have emerged as the most-targeted models for theft in the United States, with two Hyundai models and one Kia model ranking as the top three most stolen vehicles last year, according to a report from the National Insurance Crime Bureau (NICB). The NICB report revealed that Hyundai Elantra compact cars were…
Theft claims for select Hyundai and Kia models have skyrocketed by more than 1,000% since 2020, a staggering increase linked to social media posts disseminating theft techniques. According to data from the Highway Loss Data Institute (HLDI), theft insurance claims for vulnerable Hyundai and Kia vehicles surged, rising from 1.0 out of every 1,000 insured…
Hyundai Motor Group and LG Energy Solution have announced plans to increase their joint investment in a battery manufacturing plant located in Georgia by an additional $2 billion. This expansion also includes the creation of 400 new jobs. The facility, a collaborative venture between the two companies, will now see a total investment of $4.3…
Korean automakers Kia and Hyundai have reached a settlement in a class-action lawsuit worth an estimated $200 million. The lawsuit alleged that many of the companies’ cars and SUVs were susceptible to theft. The settlement is expected to cover up to nine million vehicle owners, providing a total of up to $145 million to compensate…
Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America’s biggest city. As reported on CNN, about 100 of these particularly vulnerable Hyundai and Kia vehicles were stolen in the month of December alone in…
