Hyundai, Kia offer software upgrade to 8.3 mln U.S. vehicles to prevent thefts
Summary
WASHINGTON, Feb 14 (Reuters) - Hyundai Motor (005380.KS) and Kia Corp (000270.KS) will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized on TikTok and other social media channels, the Korean automakers said on Tuesday. TikTok videos showing how to steal cars made from 2015 to 2019 without push-button ignitions and immobilizing anti-theft devices has spread nationwide. USA Today reported last month that two major insurance companies had stopped offering new policies for Hyundai and Kia vehicles at high risk of theft. Hyundai will also provide customers with a window sticker alerting would-be thieves that the vehicle is equipped with anti-theft protection. Kia said it also continues "to make steering wheel locks available at no cost through interested local law enforcement agencies," subject to supply.
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