North American automakers slapped with $2B class action suit by new vehicle owners

[maniacshopper]

http://ca.news.finance.yahoo.com/s/26092007/2/biz-finance-north-american-automakers-slapped-2b-class-action-suit.html

maybe we should join in?

[Jumbo_Mumbo]

you think they will adjust their CDN prices to reflect the high CDN dollar now? Or you think it won't happen for awhile?

I want to join in w/ this lawsuit as I totally agree that these automobiles are taking advantage of us for jacking up their prices...

[Spud72]

I wondered when this would happen. Hopefully it isn't just "North American" like the story says, the Japanese companies are just as guilty.

[charliebrown]

I wondered when this would happen. Hopefully it isn't just "North American" like the story says, the Japanese companies are just as guilty.


Named in the lawsuit are the Canadian and U.S. divisions of General Motors (NYSE: GM), Honda, Nissan and Chrysler.



woohoo! lower prices (hopefully.......)

[hdom]

I wonder why just those named and not the rest, a few Luxury brands come to mind.

[Spud72]

Toyota/Lexus differences are atrocious too.

[divx]

Toyota/Lexus differences are atrocious too.

They will follow suit if everyone else lower their prices, otherwise they won't be able to compete

[Spud72]

They will follow suit if everyone else lower their prices, otherwise they won't be able to compete

Of course, but that's not the point. They're not in the suit. So, if there is a settlement of some sort and a refund could possibly go out, there would be nothing for those CDN owners.

[maniacshopper]

680news said that porsches are dropping there prices by 10% in January.
Sale!!!

[Spud72]

680news said that porsches are dropping there prices by 10% in January.
Sale!!!

It's actually 8% from the reports I saw, which will "only" make them on avg 22% higher than US cars instead of 30%.

[bpopd]

What happens if our dollar falls again?

[ShadowVlican]

What happens if our dollar falls again?
we can worry about that later :lol:

[nolimtzel]

we can worry about that later :lol:

with the way the us is doing with iraq and now iran.
i might be able to afford that 5 series before im 25

[ES_Revenge]

What happens if our dollar falls again?

Dollar value isn't the issue really. The dollar being around par now only highlights the situation to more people because it's very clear without doing calculations, the price discrepancies.

Even compensating for a difference in dollar value (when there was one), the prices of new cars in Canada were still significantly more than in the US.

[SoNgMaN]

what ES said we have too many stupid rules in place thanks to transport canada mostly due to safety test etc that someone has to pay for. our market is what 1/10th-1/20th that of the us?

[JumpinBug]

I really, really hope this encourages at least a moderate price drop almost immediately.

And not just because I'm planning to buy a new Honda within the next month. :D