The settlement also includes up to $55 million for software upgrades to vehicles without anti-theft immobilizers, and up to $2.5 million for attorneys’ fees and costs.
rnrnThe settlement is subject to court approval and is expected to be finalized in the coming months.
rnrnThe lawsuit was filed in 2019 after a wave of car thefts of Hyundai and Kia vehicles, which were found to be vulnerable to a method of car theft popularized on social media. The method, known as “relay attack,” involves using two devices to amplify the signal from a key fob and unlock a car without the owner’s knowledge.
rnrnThe settlement is a major victory for consumers who have been affected by the car thefts. It is also a reminder to automakers to take steps to protect their vehicles from the latest methods of car theft.