Mark, I agree that Hyundai is a very big company. They build a lot more than just cars. Think BIG cargo ships and shipping containers. That's why they have the manufacturing ability to build just about everything in house starting from raw steel.
But a $70m ( as posted in the article) hit is a big one to swallow. So I doubt they will just suck that up.
I know and agree there needs/has to be a testing standard to go by. But for 12 out of 900,000 people to complain because they didn't get the milage that was posted on a window sticker as an estimate, and then the EPA making such a big deal about i, that's where I have issues. we are talking like 1 to the -5 or so percent.
If there was something wrong with the test procdures, fine, fix it and move on. From what I have seen, there is very little change. And apparently the other 899,988 people didn't even notice it.
This whole mess is like the class action law suit I get in the mail. I just throw them away. If they send me some money, fine. If they don't, I'm not going to loose any sleep over it. I say this because I got a $9.00 gift card from Lowes because of a class action law suit. I didn't do anything but shreed the paper they sent me. I'm sure the lawyers got a pretty penney out of it and the prices will see an increase to cover their loss. And it was probably over the interpirtation of something that was written in the agreement.
I got one a few years back over the horsepower rating on a lawnmower. Again, I didn't care and threw the paper away. I got a check for 5 bucks. Big deal. How much do you think it cost the company to pay off everyone , including the lawyers, print the checks and mail them out? All because the horespower rating in a lawnmower engine was off by 1 HP or less. I bet they didn't eat that one either.
We the consumers are the ones paying for it, one way or the other. So if you want your refund or class action setelement from these companies, then don't complain when their prices go up because you are the one who help make them go up.