Ricardo A
26/09/2007, 16h04
http://www.cbc.ca/cp/national/070926/n092639A.html
TORONTO - North American auto manufacturers have been slapped with a $2-billion class action lawsuit by four Toronto residents who claim the auto industry conspired to inflate the price of automobiles in Canada, in an effort to discourage cross-border vehicle shopping on the strong Canadian dollar.
The suit, filed by Toronto-based law firm Juroviesky and Ricci, covers consumers who bought cars between August 2005 and August 2007.
They say they forked out more money to buy cars in Canada than similar or identical models sold for in the United States.
Named in the lawsuit are the Canadian and U.S. divisions of General Motors (NYSE:GM), Honda, Nissan and Chrysler.
Also named in the suit are the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia.
The plaintiffs called the plan between automakers a "conspiracy" that involved agreements between the companies designed to minimize cross-border competition and the number of new cars that crossed the border.
Continue Article
Included in the allegations are claims that the automakers agreed not to honour warranties for vehicles purchased across the border, forcing Canadian consumers who wanted a manufacturer's warranty to pay 25 to 35 per cent more on average for a vehicle in Canada.
None of the allegations has been proven in court.
tant mieux pour eux.
TORONTO - North American auto manufacturers have been slapped with a $2-billion class action lawsuit by four Toronto residents who claim the auto industry conspired to inflate the price of automobiles in Canada, in an effort to discourage cross-border vehicle shopping on the strong Canadian dollar.
The suit, filed by Toronto-based law firm Juroviesky and Ricci, covers consumers who bought cars between August 2005 and August 2007.
They say they forked out more money to buy cars in Canada than similar or identical models sold for in the United States.
Named in the lawsuit are the Canadian and U.S. divisions of General Motors (NYSE:GM), Honda, Nissan and Chrysler.
Also named in the suit are the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia.
The plaintiffs called the plan between automakers a "conspiracy" that involved agreements between the companies designed to minimize cross-border competition and the number of new cars that crossed the border.
Continue Article
Included in the allegations are claims that the automakers agreed not to honour warranties for vehicles purchased across the border, forcing Canadian consumers who wanted a manufacturer's warranty to pay 25 to 35 per cent more on average for a vehicle in Canada.
None of the allegations has been proven in court.
tant mieux pour eux.