Jurors in Lake County, Montana have announced the verdict in a case involving a fatal accident with a 2005 Hyundai Tiburon.

On July 2, 2011 there was a tragic crash with a 2005 Hyundai Tiburon on Highway 93 north of Arlee, Montana in which 14-year-old Tanner Olson and his 19-year old cousin Trevor Olson who was driving the car were killed.

Tanner Olson's family decided to sue Hyundai accusing the South Korean marque the Tiburon had a defective steering knuckle which spontaneously cracked and caused the vehicle to swerve into another car. Speaking of the other vehicle, the woman behind the steering wheel died as well but the family of the deceased decided not to press any charges.

On Tuesday, the jurors in Lake County, Montana announced their verdict and now Hyundai has to pay Tanner Olson's family no less than 248M USD in punitive damages. Hyundai Motor America immediately said they are going to appeal the verdict.

As a side note, Hyundai was fined several months ago 210M USD after the mpg scandal in which the company was accused of overinflating fuel economy numbers.

Gallery: Hyundai facing 248M USD verdict after fatal Tiburon crash

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