Hyundai Motor, Kia Motors agree to settle U.S. engine defect lawsuits

SEOUL (Reuters) - South Korea's Hyundai Motor Co and affiliate Kia Motors Corp on Friday said they have agreed to resolve class action litigation with U.S. owners of certain vehicles over engine fire risks.The settlement provides cash compensation options, lifetime warranties, free inspection and repair of the covered engines, as well as installation of a software update to boost safety and performance, the automakers said in a statement.They said they expect the U.S. District Court for the..