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Kia and Hyundai could end up shelling out nearly half a billion dollars to repair cars vulnerable to so-called “Kia Boys” thefts.
The automakers settled this week with 35 U.S. states over the sale of millions of vehicles nationwide that were not equipped with an industry-standard anti-theft system known as an engine immobilizer. The technology prevents a car from starting without the coded signal from a smart key.
Without that protection, thieves were able to start some Kia and…
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Kia and Hyundai could end up shelling out nearly half a billion dollars to repair cars vulnerable to so-called “Kia Boys” thefts.
The automakers settled this week with 35 U.S. states over the sale of millions of vehicles nationwide that were not equipped with an industry-standard anti-theft system known as an engine immobilizer. The technology prevents a car from starting without the coded signal from a smart key.
Without that protection, thieves were able to start some Kia and…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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