Toyota: first step to justice
Posted by admin | Under economic, events, people, publications, special Saturday Mar 27, 2010This Thursday, September judges hear a variety of defense lawyers about a hundred "class action" (action for common name) filed against the Japanese carmaker Toyota, following the recall of 9 million vehicles.
If the judges decide to consolidate the class actions – based on grounds of complaints (brake pedal …) – into one, for examination by a court, Toyota and the plaintiffs will be invited to agree amicably.Otherwise, the dispute will be settled after a trial.
Certainly it would not be in the interest of Japanese rush into a long and very heavy in terms of image, because the press loves the American business class actions, especially when they involve a large listed group.
Between 3 and 5 billion dollars in financial compensation
Asked by the newspaper Les Echos on Wednesday, Jim Carter, lawyer and author of a complaint in partnership filed against Toyota, "the amount of damages can be assessed using a technique called" mass appraisal "based on factors known (such as vehicle age, mileage, etc.) to estimate the loss in value of their cars of all persons who filed a class action no fax cash advances !!!???!!!?? ?!!!.
He said Toyota may be required to pay financial compensation which "could reach between 3 to 5 billion dollars," he said, while acknowledging not knowing the maximum amount taxed at the manufacturer to date.
Forward, back to better
A month ago, was held hearings in Congress. On this occasion, the operations manager, Jim Lentz, apologized to his group, and acknowledged that it has "too much time to consider a rare but serious safety problems. Technical faults which he attributes in part to "a miscommunication within the company, with regulators and with consumers."
To this the CEO of manufacturer Akio Toyoda, admitted that "the pace at which we (the band, Ed) we developed was too fast.Our priorities are confused and our basic principle of listening to consumers to make better products it is found compromised.
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