Wednesday, May 25, 2022

Toyota to Pay $2 Billion in Class Action Settlements to Customers

As part of a class action brought against Toyota by Australian consumers, the Japanese manufacturer may force to pay out more than $2 billion in compensation for malfunctioning diesel particle filters in some of its most popular vehicles.

An Australian Federal Court has determined that Toyota consumers bought defective automobile. It resulted in an average retail price reduction of 17.5%, or more than $7,000 per car. More than 264,000 Hilux, Fortuner and Prado cars sold between October 2015 and April 2020 included in the class action.

According to attorneys, the total amount of money awarded would exceed $2billion if all of harmed drivers claimed their losses. The time spent away from work or the reduced efficiency of the vehicle, certain motorists may eligible to additional pay. Ken Williams, the case’s principal petitioner, declared himself “thrilled” by the decision.

An Australian class action lawsuit claims Toyota installed defective diesel particulate filters in its Hilux, Fortuner, and Prado models sold across the country for several years before bringing the case to the Federal Court in 2019. Lawsuits asserted filter failures resulted in noxious exhaust fumes, lower fuel economy, and accelerated engine degeneration.

Read Also: Ghandhara Nissan started local production and assembling of Chery SUVs in Pakistan

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