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Toyota to face claims from owners after US court ruling

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dipsydoodle Donating Member (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
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Heywood J Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-11 05:47 AM
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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.
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Hubert Flottz Donating Member (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.
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Kolesar Donating Member (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
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