Posts Tagged ‘$3Bplus’

Class-action lawsuits could cost Toyota $3B-plus (AP)

March 9th, 2010 | Author: admin

FILE - In this Jan. 26, 2010 photo, a 2010 Toyota Corolla is shown at Toyota dealership in San Francisco. In the lawsuits, Toyota owners suing the company contend they paid far more for their vehicles than they were worth, and that Toyota knew all along about these problems but concealed them from buyers. They point to evidence such as Kelley Blue Book's decision earlier this month to lower the resale value of recalled Toyotas an average of 3.5 percent, ranging from $300 less for a Corolla to $750 for a Sequoia. (AP Photo/Jeff Chiu, File)AP – Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.


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