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Case ID: 2975 | Automotive | 06/30/2004
Numerous class actions have been filed against Hyundai Motor Corporation and its American subsidiary on behalf of all persons who bought or leased a Hyundai vehicle between 1992 and the present, who allege that the company intentionally overstated the amount of horsepower generated by its engines as a marketing ploy, in violation of state unfair business practices laws. The actions seek unspecified compensatory and punitive damages.
The action alleges that Hyundai executives were aware that engines in the company’s cars and SUVs were underpowered relative to their advertised horsepower ratings, and allowed the advertising campaign to go forward anyway. The disparities were only discovered when the Canadian government questioned the horsepower on the Hyundia Elantra. Hyundai had advertised the car as having 140 horsepower but after the Canadian inquiry it said tests showed the figure was actually 135. Hyundai has admitted that more than two dozen models and variants had overstated horsepower ratings all the way back to the 1992 model year. Other manufacturers have had similar problems. Ford had to recall and repair an entire year's production of its SVT Mustang Cobra when its 1999 models fell well short of the 320 horsepower Ford had advertised. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Automotive Cases of Interest A class action has been filed against The Goodyear Tire & Rubber Company (NYSE: GT) and certain of its officers and directors by stockholders who purchased the company's common stock between March 26, 1999, and October 22, 2003. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against the Ford Motor Credit Company on behalf of all Florida residents who leased cars from Ford between October 16, 1998, and October 16, 2003, and who paid "taxes" on itemized fees for wear and tear, excessive mileage and disposition of the vehicles at the end of their lease. The lessees claim that these "taxes" were merely hidden fees and that Ford either pocketed the "tax" money, or benefited from it prior to forwarding it to the Department of Revenue.
Owners of Audi and Volkswagen vehicles filed a class action lawsuit against Volkswagen of America in St. Clair County, Illinois. The group that filed the lawsuit claims the automaker unfairly changed maintenance specifications which more than doubled their oil change costs. North Carolina car dealership Alan Vester is now facing a class-action lawsuit, alleging unfair and deceptive trade practices, negligence, fraud and other violations of state law.
The lawsuit, filed late last month, claims Alan Vester dealerships have been using these practices to get financing for customers who may not have qualified, and it says the practice has been going on for the past four years, involving 90 percent of the chain's vehicles. The parties have reached a tentative $1.5 million settlement of a class action filed against automotive parts manufacturer Federal-Mogul Corporation (OTCBB: FDMLQ, formerly NYSE: FMO) and certain of its officers and directors by stockholders who purchased the company's common stock between October 22, 1998, and May 25, 2000. To recover under the settlement, a completed proof of claim postmarked no later than January 9, 2004, must be mailed to the claims administrator. The class has been certified in a nationwide action filed against DaimlerChrysler Corporation on behalf of all owners of 1996 and 1997 Chrysler Town & Country’s, Chrysler Minivans, Plymouth Voyagers, Plymouth Grand Voyagers, and Dodge Caravans, who allege that the front-passenger airbags in these vehicles deploy with excessive force in low-speed accidents, possibly injuring children or small adult passengers. |
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