"GM Sued in Canada, Accused of Using Defective Engine Gaskets"
I think the headline says it all. The article can be found here -> http://www.bloomberg.com/apps/news?pid=10000082&sid=aRzsp7mjqYo4&refer=canada
Basically to sum things up, this lawsuit covers some "vehicles from 1995 to 2003 with an allegedly defective part that caused engines to overheat and seize."
The article also states that "The suit cites 23 General Motors models as having the defective gasket" I think I saw the list some other place, at ctv.ca, but I don't seem to have a link to it.
Here is the bit that I think everyone on this board will be interested in... "The lawsuit may include as many as 400,000 GM car owners in Canada, and with each owner claiming C$3,000 ($2,647) in damages, the claims may total C$1.2 billion"
What I find most interesting is not that this lawsuit took place, but that it took so long to get to this point.
Out of curiosity, how many cars in the United States of America were sold with these same engines? And how much would the potential liability for GM work out to?
I know then general rule of thumb is that whatever the US economy/industry is, the Canadian one is one-tenth. So if that is the case, using the above numbers and information from the article, that means that GM could be sued, in a class-action lawsuit, for around C$12 billion.
I guess I will end my post by saying that this is all too bad. I like the cars that GM and Ford make, and seeing the problems that they are having, its most unfortunate. I suppose, however, when the leaders of a society get out of touch with the people at the bottom and in the middle, bad things inevitably happened. I guess the same turns out to be true with corporation.
I think the headline says it all. The article can be found here -> http://www.bloomberg.com/apps/news?pid=10000082&sid=aRzsp7mjqYo4&refer=canada
Basically to sum things up, this lawsuit covers some "vehicles from 1995 to 2003 with an allegedly defective part that caused engines to overheat and seize."
The article also states that "The suit cites 23 General Motors models as having the defective gasket" I think I saw the list some other place, at ctv.ca, but I don't seem to have a link to it.
Here is the bit that I think everyone on this board will be interested in... "The lawsuit may include as many as 400,000 GM car owners in Canada, and with each owner claiming C$3,000 ($2,647) in damages, the claims may total C$1.2 billion"
What I find most interesting is not that this lawsuit took place, but that it took so long to get to this point.
Out of curiosity, how many cars in the United States of America were sold with these same engines? And how much would the potential liability for GM work out to?
I know then general rule of thumb is that whatever the US economy/industry is, the Canadian one is one-tenth. So if that is the case, using the above numbers and information from the article, that means that GM could be sued, in a class-action lawsuit, for around C$12 billion.
I guess I will end my post by saying that this is all too bad. I like the cars that GM and Ford make, and seeing the problems that they are having, its most unfortunate. I suppose, however, when the leaders of a society get out of touch with the people at the bottom and in the middle, bad things inevitably happened. I guess the same turns out to be true with corporation.