There is a lot of money that rides on fuel efficiency of a car. If there is a situation such as Ford's, where they've been caught in a lie then they would lose a lot of money and investment. Locally, this would be problematic because we would lose money as a city. Also, because Ford is not offering to settle, if they are found guilty in the lawsuit they will more than likely loose more money. Hyundai offers to settle, and loses money but are fixing a problem before it becomes worse.
Monday, March 4, 2013
Fuel Economy Lies
Ford and Hyundai have been recently sued for their lies about the fuel efficiency of their new vehicles. Ford continues to fight and keeps their stand on the fact that they were not lying. Ford claims, it's when, how, and where you drive it. Hyundai admits to their lie and agrees to settle. Hyundai is offering to reimburse the car owners with all the money lost in fuel plus an extra 15 percent.Fuel efficiency is an important factor when a consumer is looking to buy a car; so this is no surprise a company may lie about the fuel economy to persuade a consumer into buying their car. Though, this could simply be a mistake made by the companies. In 2008, a New York Times article states that m.p.g is a bad way to judge fuel efficiency. A more accurate way to judge our fuel efficiency would be to rate it by gas consumed per so many miles.
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