A viral TikTok challenge started in 2021 and spurred a rise in thefts of Hyundai and Kia cars.
Shares of South Korea's largest automakers fell on Wednesday.Hyundai Motor Co. vehicles are displayed at the company's Motorstudio showroom in Goyang, South Korea, on Thursday, Oct. 22, 2020.South Korean automakers Hyundai and Kia are being sued for causing a "public nuisance," according to a complaint filed in Manhattan federal court.
New York City is accusing the two firms of failing to install devices that prevent cars from being stolen, afterprompted young teens to steal vehicles off the street by hot wiring them using a USB cable.officials told CNBC at the time"In electing profits over safety and deviating from industry norms by not including engine immobilizers as a standard safety feature, Defendants created and maintained a public nuisance," the city said in the filing made in the U.S.
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