| Ford gets dinged again for Bridgestone debacle, lawyers make... |
| Author Dj_Lushious Views 128 Posted at 2008/4/18 12:32 [View In Forum] |
 By now everyone knows the story about Bridgestone's massive recall of tires that were used as original equipment on Ford Explorers from 1991 to 2001. The faulty tires had been linked to some fatal crashes that were caused by either blowouts or the tread separating from the tires. Many people who own Explorers from this period were miffed that the value of their SUVs dropped solely on account of Bridgestone's mistake, so they did what most Americans do when they're angry: they sued Ford. Yesterday a judge in the Sacramento Country Superior Court approved a settlement for this class-action lawsuit on behalf of approximately 800,000 Explorer owners that will cost Ford a sizable chunk of change, but it's not the Explorer owners who got the most money. As part of the settlement, Ford has agreed to hand out discount certificates valid for one year that these plaintiffs can apply to the purchase or lease of a FoMoCo product. The discounts are worth $500 if applied to a new Explorer, and $300 if applied to any other Ford, Lincoln or Mercury product. The discounts would cost the Dearborn-based automaker about $400 million if every plaintiff went out and bought a brand new Explorer within the next year, though we bet Ford's counting on that scenario being highly unlikely. The lawyers that fought the class-action lawsuit, however, will receive $25 million from Ford for their trouble. We bet none of them will go out and buy a new Explorer with that money. [Source: Automotive News - sub. req'd] Other languages: English| Español | Français| Deutsch| Русский| Português| Italiano| Polski| العرب| Українська Nederlands| Turkish| 한국어| 日本语| 简体| 繁體 the contents of this automatic machine translation we do not guarantee the accuracy, please visit the English original content. |
| Reply No. | Replier | Total Replies 0 [View All Replies] [New Reply] | Replied at |
| No replies currently or prohibitted to show | |||
Total Replies 0 Thread Per Page 10
|
|||
 |
[2009/1/10] [Hot News] Letter From Europe-The Highs and Lows... |
| |
[2009/1/10] [Hot News] Consumer Reports' 2008 Car Brand Perc... |
| |
[2009/1/10] [Hot News] Reynard reveals Inverter street-legal... |
| |
[2009/1/10] [Hot News] Report: Cadillac showing E-Flex coupe... |
| |
[2009/1/10] [Hot News] Spy shots: Test-mule for next-generat... |
| |
[2009/1/10] [Hot News] Chrysler considering car-based 'lifes... |
| |
[2009/1/10] [Hot News] SsangYong goes into receivership to a... |
| |
[2009/1/10] [World Car News] Carpocalypse Now: Saab For Sale... |
| |
[2007/10/16] [Audi] 2008 Scion xB stereo iPod controller can... |
| |
[2009/1/6] [Sports/GTs] Audi R8 V10 will be all LED, all the... |
| |
[2007/4/14] [Wagons/Estates] Chrysler's Aussie workers build... |
| |
[2008/12/18] [Hybrids/Alternative] Russian Marussia supercar... |
| |
[2008/5/8] [Tuner Tuesdays] Why hasn't anyone created a 2.0L... |
| |
[2008/3/18] [Ferrari] Miniature Testarossa puts the "go" in ... |
| |
[2008/12/10] [Trucks/Pickups] 2009 Dodge Ram earns 5 stars f... |
| |
[2008/12/9] [World Car News] 2009 Honda Accord: 2009 Honda A... |