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TheftTok: How viral videos contributed to a spike of car thefts

TheftTok: How viral videos contributed to a spike of car thefts

TheftTok

Korean automakers Kia and Hyundai have agreed to pay $200m to settle a class action lawsuit that claims some of the vehicles manufactured between 2015 and 2019 are too easy to steal. The legal challenge stemmed from a sharp rise in thefts of Kia & Hyundai vehicles over the last few years, as viral videos on TikTok and YouTube posted by thieves known as the “Kia Boyz” showed how to bypass certain models security systems, using tools as simple as a USB charging cable to start the ignition.

Data from city police departments, collated by USAFacts, reveals just how sharply those figures rose in certain cities. For example, in Chicago, Milwaukee and Dayton, more Kias and Hyundais were reported stolen than all other vehicle brands combined in certain months of the last 2 years. Milwaukee in particular was one of the earliest cities where the trend took off, with nearly 3,200 Kias or Hyundais stolen in the first six months of 2021, up more than 2,500% on the same period the year before.

Immobilized

The thefts are reportedly made possible because many Kia & Hyundai vehicles manufactured in that time lack electronic immobilizers — a feature that’s standard for most cars made in that period.

The deal struck this week includes potential payments of up to $6,125 for owners who have had their cars stolen, as well as provisions for installing new anti-theft security features. All told the settlement could cover up to 9 million vehicle owners.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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