Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:21 PM

GasBuddy News Article

43
votes
Toyota Owners Wondering How Settlement Affects Them

CBS 42 - Chicago -- It all started with hundreds of lawsuits against Toyota, but tonight, it is ending with a billion dollar payout and the Toyota-owners are asking how much of that billion they’ll see.

CBS 2’s Pamela Jones went looking for the answer.

When Emily Tcheung and Akshay Jindal bought their Toyota Prius, news of potential issues with Toyotas suddenly speeding up all by themselves had just rolled out.

“We heard about them. We were a little afraid,” said Akshay Jindal.”It’s a good thing. It’s done, right?”

Now, the family’s hearing about a proposed billion-dollar settlement, resolving hundreds of lawsuits from Toyota owners.

Under the settlement, the company is offering cash to customers who sold Toyotas or leased them between September of 2009 and December of 2010.


Read the Full Article

Submitted Dec 27, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Toyota Owners Wondering How Settlement Affects Them Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,660
Points:1,330,925
Joined:Mar 2011
Message Posted: Dec 28, 2012 4:32:21 PM

Hopefully everyone can put this behind them & problems like this won't happen again.
Profile Pic
tomok
Champion Author Portland

Posts:44,940
Points:3,036,110
Joined:Aug 2006
Message Posted: Dec 28, 2012 5:11:21 AM

Toyota Owners Wondering How Settlement Affects Them and the lawyers will get most of the money. No justice for the people most affected by the runaway Toyota's.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
Profile Pic
BigKart
Champion Author Indianapolis

Posts:2,193
Points:814,235
Joined:Apr 2011
Message Posted: Dec 27, 2012 3:53:06 PM

Let's guess that the attorneys and the government get lots of money.
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:7,604
Points:2,043,380
Joined:Nov 2008
Message Posted: Dec 27, 2012 12:59:24 PM

There is always the statement in opt-in suits, which precludes suing the company for other problems.
Profile Pic
cssco
Champion Author Virginia

Posts:10,085
Points:2,422,475
Joined:Feb 2006
Message Posted: Dec 27, 2012 12:15:50 PM

Could a fellow buy one retroactively at the after market place?
Profile Pic
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Dec 27, 2012 12:07:01 PM

Toyota is really no different than any other vehicle manufacturer. If there's a way to squeak out of a bad situation the cheaper the better, they'll try it. Some of you talk about just buying North American. But they've had lots of problems too. I've lived long enough to know that!
Profile Pic
sent4456
Champion Author Toronto

Posts:4,137
Points:2,802,730
Joined:Mar 2006
Message Posted: Dec 27, 2012 12:06:22 PM

What next?
Profile Pic
gumbyrex
Champion Author Fresno

Posts:6,167
Points:1,448,705
Joined:Mar 2011
Message Posted: Dec 27, 2012 12:04:43 PM

Already the vultures are circling the money. Not surprising since the mind set of many citizens seems to be if it's available how much do I get regardless of whether they have suffered and have a legimate claim.
Profile Pic
I10Express
Champion Author San Antonio

Posts:11,460
Points:2,323,280
Joined:Nov 2008
Message Posted: Dec 27, 2012 11:58:35 AM

Does that lower gas prices?
Profile Pic
Chillywilly
Champion Author Winnipeg

Posts:2,097
Points:580,645
Joined:Mar 2004
Message Posted: Dec 27, 2012 11:56:17 AM

Time for the lawyers to make hay.
Profile Pic
crmedic
Champion Author Arkansas

Posts:5,790
Points:728,735
Joined:Jul 2011
Message Posted: Dec 27, 2012 11:54:46 AM

I don't have a Toyota! Strictly GM or Ford!!!! Buy American!
Profile Pic
Bigtex09
Champion Author Dallas

Posts:6,615
Points:1,823,730
Joined:Oct 2009
Message Posted: Dec 27, 2012 11:51:48 AM

everybody already has their hands out, more stuff!!
Profile Pic
mustangdaver
Champion Author Ontario

Posts:4,531
Points:1,203,190
Joined:Aug 2005
Message Posted: Dec 27, 2012 11:51:07 AM

SO I ask myself, why do people buy this offshore stuff and support other countries economies.

Lawyers will have it all
Profile Pic
LongPlay
Champion Author Albuquerque

Posts:6,789
Points:1,878,705
Joined:May 2008
Message Posted: Dec 27, 2012 11:51:07 AM

Toyota is working to recover from the bad publicity.
Profile Pic
mainenightowl
Champion Author Maine

Posts:2,014
Points:627,250
Joined:May 2012
Message Posted: Dec 27, 2012 11:50:34 AM

Who is actually going to benefit from this...aside from the attorneys?
Profile Pic
FrankTA2
Champion Author New York

Posts:6,946
Points:1,764,035
Joined:Jun 2007
Message Posted: Dec 27, 2012 11:50:09 AM

Glad I never bought that Toyota.
Profile Pic
sciotosix
Champion Author Dayton

Posts:5,631
Points:1,356,275
Joined:Apr 2011
Message Posted: Dec 27, 2012 11:50:08 AM

Wonder how much the lawyers made on this.
Profile Pic
skb69sa
Champion Author San Antonio

Posts:6,137
Points:1,355,875
Joined:Mar 2011
Message Posted: Dec 27, 2012 11:48:15 AM

That's true.
Profile Pic
bassakwards007
Champion Author Orange County

Posts:3,954
Points:930,535
Joined:Aug 2012
Message Posted: Dec 27, 2012 11:46:25 AM

Big settlement, of course we admit no guilt..
Profile Pic
masker5900
Veteran Author Mobile

Posts:363
Points:191,815
Joined:Sep 2012
Message Posted: Dec 27, 2012 11:43:52 AM

Owners will be lucky to see a dime.
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,646
Points:1,035,610
Joined:May 2012
Message Posted: Dec 27, 2012 11:42:52 AM

after the attorneys take their slice the payout cake will be greatly reduced
Profile Pic
gasokie
Champion Author Oklahoma

Posts:4,835
Points:1,906,780
Joined:May 2007
Message Posted: Dec 27, 2012 11:42:42 AM

Everyone makes mistakes. It's how Toyota handled this one (or is the word mishandled?) this one(s). My younger sister bought a new Toyota after her "New" Ford quit one night leaving her by the side of the road. But Ford took care of it. Her "New" Toyota's accelerator went out. After acting up, it just quit. Luckily she was only 3 or 4 blocks from her dealer. Unluckily they were of little help. Charged her $60 bucks just to drag her car in the garage to do $1,105 work on it. She had to pay.

She unexpectedly died a few weeks later. She had felt more secure in a Toyota as all of us told her they were more reliable etc. Like I told her, any car can quit but it's how they treat you during those hard times that stays in one's memory. So much for my good advice.
Profile Pic
Z51Corvette
Champion Author Austin

Posts:10,848
Points:2,280,000
Joined:Jan 2008
Message Posted: Dec 27, 2012 11:42:36 AM

Worry.... they should be thankful they have a car and are "alive"! Simply ridiculous!
Profile Pic
bullfrog69
Champion Author Texas

Posts:2,750
Points:1,255,425
Joined:Nov 2009
Message Posted: Dec 27, 2012 11:41:06 AM

Ha! Ha! Communist traitors!
Profile Pic
wdcutter
All-Star Author Lansing

Posts:797
Points:108,405
Joined:Mar 2012
Message Posted: Dec 27, 2012 11:40:13 AM

The lawsuit will only line the pockets of attorneys.
Profile Pic
porotito
Champion Author Houston

Posts:2,276
Points:615,055
Joined:Dec 2010
Message Posted: Dec 27, 2012 11:39:54 AM

Meh...
Profile Pic
flyfast
Champion Author Kansas City

Posts:12,071
Points:2,509,065
Joined:Jan 2008
Message Posted: Dec 27, 2012 11:38:18 AM

cover up still do not fix the cars
Profile Pic
radiorumor
Champion Author Texas

Posts:5,560
Points:1,435,175
Joined:Feb 2011
Message Posted: Dec 27, 2012 11:37:45 AM

I knew I should have bought a Toyota
Profile Pic
trombo31
All-Star Author Kentucky

Posts:764
Points:319,415
Joined:May 2011
Message Posted: Dec 27, 2012 11:37:27 AM

This is really sad, especially when most of the major accidents were never resolved as to whether Toyota was really responsible. Lawyers getting rich over what could be a bunch of lying car owners!
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,409,025
Joined:Aug 2005
Message Posted: Dec 27, 2012 11:37:10 AM

If you get a check, then you'll know.
Profile Pic
autohio
Champion Author Ohio

Posts:5,261
Points:1,435,120
Joined:Jan 2011
Message Posted: Dec 27, 2012 11:36:43 AM

Yep
Profile Pic
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,473,240
Joined:May 2004
Message Posted: Dec 27, 2012 11:35:35 AM

Not much. Unless your one of the lawyers. Then millions.
Profile Pic
Digger52
Champion Author Chicago

Posts:5,116
Points:1,528,670
Joined:Aug 2008
Message Posted: Dec 27, 2012 11:35:32 AM

Interesting. . .
Profile Pic
bicycler
Champion Author Ontario

Posts:14,815
Points:2,598,445
Joined:May 2005
Message Posted: Dec 27, 2012 11:34:50 AM

I wonder why people still buy those `recall` cars
Profile Pic
LtRTH
Champion Author St. Louis

Posts:4,554
Points:1,267,905
Joined:May 2011
Message Posted: Dec 27, 2012 11:33:23 AM

About $1.95 per person. The lawyers will get the rest.
Profile Pic
Cheepo
Champion Author Tampa

Posts:12,708
Points:3,806,170
Joined:Apr 2003
Message Posted: Dec 27, 2012 11:32:46 AM

The ambulance chasers will see most of that money from an other cash cow!!!!
Profile Pic
bobzilla11
Champion Author Indiana

Posts:2,772
Points:1,132,320
Joined:May 2011
Message Posted: Dec 27, 2012 11:31:53 AM

$2 gas
Profile Pic
Beboper
Champion Author Virginia

Posts:11,635
Points:2,854,390
Joined:Oct 2005
Message Posted: Dec 27, 2012 11:31:52 AM

car prices going up
Profile Pic
Car54BC08
Champion Author British Columbia

Posts:7,074
Points:2,187,645
Joined:Jun 2008
Message Posted: Dec 27, 2012 11:29:45 AM

The billion dollar payout is what the lawyer's will get. The Toyota owners will get a thank you card.
Profile Pic
q2
Champion Author Alberta

Posts:4,917
Points:1,063,270
Joined:Nov 2008
Message Posted: Dec 27, 2012 11:29:10 AM

the lawyers will take at least half of it
Profile Pic
Hypersonic
Champion Author Maryland

Posts:1,118
Points:1,089,735
Joined:Aug 2008
Message Posted: Dec 27, 2012 11:27:45 AM

I dont have a Toyota, but I'd like to see fairness in the payouts to the owners.
Profile Pic
mrservonics
Champion Author Boston

Posts:3,706
Points:1,542,220
Joined:May 2005
Message Posted: Dec 27, 2012 11:27:42 AM

Toyota just made some lawyers VERY rich. Claimants?
Profile Pic
ss70
Champion Author Detroit

Posts:13,192
Points:2,522,415
Joined:Sep 2005
Message Posted: Dec 27, 2012 11:27:40 AM

Toyota is doing right thing at least now .
Profile Pic
thirty8paces
Champion Author Baltimore

Posts:5,714
Points:1,446,445
Joined:Sep 2008
Message Posted: Dec 27, 2012 11:27:26 AM

It shouldn't affect most people since most people didn't experience the issue.
Profile Pic
NorthglennBill
Champion Author Denver

Posts:10,186
Points:2,143,300
Joined:Oct 2008
Message Posted: Dec 27, 2012 11:17:35 AM

Sounds like Toyota is trying to make this just go away.
Profile Pic
Holly123
Champion Author Charlotte

Posts:5,686
Points:1,454,520
Joined:Dec 2010
Message Posted: Dec 27, 2012 11:02:15 AM

Too bad so sad ....
Profile Pic
RobertSpratt
Champion Author Virginia Beach

Posts:7,618
Points:1,708,695
Joined:Jul 2007
Message Posted: Dec 27, 2012 10:42:26 AM

Buy American!
Profile Pic
SUNOIL
Champion Author Toledo

Posts:8,126
Points:2,597,610
Joined:Jul 2007
Message Posted: Dec 27, 2012 10:38:07 AM

Get in line
Profile Pic
cricket48750
Champion Author Michigan

Posts:1,293
Points:662,290
Joined:May 2011
Message Posted: Dec 27, 2012 10:37:29 AM

Consumers will foot the bill as usual. It won't come out of the execustives wages or bonuses.
Profile Pic
Tnerbeel
Champion Author Houston

Posts:11,750
Points:2,425,540
Joined:Mar 2007
Message Posted: Dec 27, 2012 10:37:02 AM

Put Toyota in the same category as Firestone. This is what happens when a corporation tries to lie their way out of liability and gets busted.
Profile Pic
treehood
Champion Author San Diego

Posts:4,969
Points:1,087,360
Joined:May 2011
Message Posted: Dec 27, 2012 10:36:21 AM

dillintheUSA not the cars with the push button stop. Apparently one has to hold the button down for three seconds to turn off the engine when it is in gear. Software glitch, Should program it to also turn off the engine when the button is pressed multiple time is a few seconds by a panicked person in a state of confusion and fear. Of course i don't own a vehicle with this ignition, but that is what i've been told.
Post a reply Back to Topics