Toyota to face claims from owners after US court ruling

dipsydoodle

(1000+ posts) Send PM | Profile | Ignore

Tue May-17-11 04:47 AM
Original message

Toyota to face claims from owners after US court ruling

Source: BBC News

Toyota car owners in the US can pursue claims that the carmaker caused the value of their vehicle to fall, a federal judge has ruled.

The owners argue they have suffered economic losses because Toyota didn't disclose or fix defects that made their cars accelerate suddenly.

Toyota had made a motion for the lawsuits to be dismissed but a US judge has allowed the claims to move ahead.

Read more: http://www.bbc.co.uk/news/business-13420798

Printer Friendly | Permalink | | Top

Heywood J

(1000+ posts) Send PM | Profile | Ignore

Tue May-17-11 05:47 AM
Response to Original message

1. I hope this only applies to people who sold the cars or tried to sell them.

Otherwise, it's a give-away to everyone whose nebulous, otherwise intangible sentiment of what the car was worth went down, even though there was no actual effect to suffer.

Printer Friendly | Permalink | | Top

Hubert Flottz

(1000+ posts) Send PM | Profile | Ignore

Tue May-17-11 05:52 AM
Response to Original message

2. Leave Toyota alone!!1!!11!!1!!

The south can't survive without those nonunion Toyota plants.

Printer Friendly | Permalink | | Top

Kolesar

(1000+ posts) Send PM | Profile | Ignore

Tue May-17-11 06:02 AM
Response to Original message

3. This is ridiculous. It's not like they were buying an appraised "collectable" for investment

Take your lumps, dumbass

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Fri May 10th 2024, 12:52 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.