Certain Hyundai and Kia models saw a 10-fold increase in thefts in just the past three years, a wildly dramatic increase in the wake of a series of social media posts showing people how to steal the vehicles.
This is what happens when there is not regulation for this shit: some dumbshit MBA comes up with a bright idea to save $5/car by removing an “unnecessary” part that every other manufacturer has. The people higher up okay it because it increases short term profit and their payout. By the time things shit the bed, the executives that signed off on it already sold large shares when the stock price went up and the MBA dude is already a VP at another company. Rinse and repeat.
This is what happens when there is not regulation for this shit: some dumbshit MBA comes up with a bright idea to save $5/car by removing an “unnecessary” part that every other manufacturer has. The people higher up okay it because it increases short term profit and their payout. By the time things shit the bed, the executives that signed off on it already sold large shares when the stock price went up and the MBA dude is already a VP at another company. Rinse and repeat.
And they settle the lawsuit for about $22 per vehicle so its not even as if they lost anything. Just their customers loose.