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Hyundai & Kia to spend up to $395 million on lump sum fuel settlements

Hyundai & Kia to spend up to $395 on lump sum fuel settlements Back in 2012, Hyundai and Kia had to stand up and accept that they’d overstated the official economy of a number of their models and attempt to put things right. They did that by offering all buyers of affected cars a compensation plan which repaid owners for their losses over expectation, added 15 per cent for good measure and made that ongoing for the lifetime of the ownership. But this is the USA, so it wasn’t all as straightforward as that.

Volvo C30, Ford Focus fare well in insurance-group crash tests

Four two-door cars received the highest safety rating in frontal crashes and two received that rating for side collisions in recent testing by the Insurance Institute for Highway Safety. The institute gave its "good" rating in side crashes to the Volvo C30 and two-door Ford Focus. Those vehicles, along with the two-door Honda Civic and Chevrolet Cobalt, also received "good" ratings for frontal collisions, the non-profit group funded by auto insurers said.

CES shows strong signs of health in 2010

Like much of the rest of the economy last year, the consumer electronics industry had a tough time in 2009. Who wants to buy an iPod when you just lost your job? As a result, the industry finished the last 12 months with its first loss in 20 years.