Oh Canada
#1
10-10-2007, 08:57 AM
Oh Canada
Katz, you heard of this?
Wednesday September 26, 2007
CityNews.ca Staff
The high Canadian dollar has demonstrated the difference between prices here and the same goods in the U.S. And now that gap may help a case wind up in court. A Toronto law firm has filed a $2 billion class action lawsuit against North American auto manufacturers, claiming they jacked up the price of new cars to discourage Canadians from buying an automobile across the border.
The suit covers anyone who bought a new car between August 2005 and August 2007 and names Honda, Nissan, Chrysler and the troubled GM in both Canada and the U.S., which is still reeling from the effects of a newly settled UAW strike. Both the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia, are also cited.
Class action suits all have one thing in common - they need to have someone fronting them. In this case, the plaintiffs are four Toronto residents who claim the industry conspired to keep them from getting a better deal. They contend the automakers had a tacit pact not to honour warranties bought down south, a situation that forced consumers who wanted that coverage to pay 25 to 35 per cent more on average for a vehicle sold here.
None of the allegations have been proven in court and the case may never actually reach there. The suits need to be certified by a judge, who has to find justifiable grounds to allow them to proceed. If they get that far, they are often settled beforehand for lesser amounts before actually going to court.
Wednesday September 26, 2007
CityNews.ca Staff
The high Canadian dollar has demonstrated the difference between prices here and the same goods in the U.S. And now that gap may help a case wind up in court. A Toronto law firm has filed a $2 billion class action lawsuit against North American auto manufacturers, claiming they jacked up the price of new cars to discourage Canadians from buying an automobile across the border.
The suit covers anyone who bought a new car between August 2005 and August 2007 and names Honda, Nissan, Chrysler and the troubled GM in both Canada and the U.S., which is still reeling from the effects of a newly settled UAW strike. Both the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia, are also cited.
Class action suits all have one thing in common - they need to have someone fronting them. In this case, the plaintiffs are four Toronto residents who claim the industry conspired to keep them from getting a better deal. They contend the automakers had a tacit pact not to honour warranties bought down south, a situation that forced consumers who wanted that coverage to pay 25 to 35 per cent more on average for a vehicle sold here.
None of the allegations have been proven in court and the case may never actually reach there. The suits need to be certified by a judge, who has to find justifiable grounds to allow them to proceed. If they get that far, they are often settled beforehand for lesser amounts before actually going to court.
#2
10-10-2007, 10:14 AM
RE: Oh Canada
Yes, there was a piece on the news the other day where the reporter drove to Buffalo and priced cars that are only made in Canada, only a couple hours drive max from Buffalo like the Impala, Grand Prix, Allure, Crown Vic or whatever Mercury it is, the Ford Crossover and Lincoln Crossover (sorry I don't do Ford well), Charger, Chrysler 300, Magnum, Caravan etc...
Anyway the cars averaged $6,000 less in Buffalo than Toronto. Really starting to PO people now that our dollar is worth the same or more (depending on the hour) than the US dollar. On top of that it makes no sense.
Anyway the cars averaged $6,000 less in Buffalo than Toronto. Really starting to PO people now that our dollar is worth the same or more (depending on the hour) than the US dollar. On top of that it makes no sense.
#4
10-10-2007, 04:40 PM
RE: Oh Canada
ORIGINAL: G.A.R.Y.
Katz, you heard of this?
Wednesday September 26, 2007
CityNews.ca Staff
The high Canadian dollar has demonstrated the difference between prices here and the same goods in the U.S. And now that gap may help a case wind up in court. A Toronto law firm has filed a $2 billion class action lawsuit against North American auto manufacturers, claiming they jacked up the price of new cars to discourage Canadians from buying an automobile across the border.
The suit covers anyone who bought a new car between August 2005 and August 2007 and names Honda, Nissan, Chrysler and the troubled GM in both Canada and the U.S., which is still reeling from the effects of a newly settled UAW strike. Both the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia, are also cited.
Class action suits all have one thing in common - they need to have someone fronting them. In this case, the plaintiffs are four Toronto residents who claim the industry conspired to keep them from getting a better deal. They contend the automakers had a tacit pact not to honour warranties bought down south, a situation that forced consumers who wanted that coverage to pay 25 to 35 per cent more on average for a vehicle sold here.
None of the allegations have been proven in court and the case may never actually reach there. The suits need to be certified by a judge, who has to find justifiable grounds to allow them to proceed. If they get that far, they are often settled beforehand for lesser amounts before actually going to court.
Katz, you heard of this?
Wednesday September 26, 2007
CityNews.ca Staff
The high Canadian dollar has demonstrated the difference between prices here and the same goods in the U.S. And now that gap may help a case wind up in court. A Toronto law firm has filed a $2 billion class action lawsuit against North American auto manufacturers, claiming they jacked up the price of new cars to discourage Canadians from buying an automobile across the border.
The suit covers anyone who bought a new car between August 2005 and August 2007 and names Honda, Nissan, Chrysler and the troubled GM in both Canada and the U.S., which is still reeling from the effects of a newly settled UAW strike. Both the Canadian Automobile Dealers Association and the National Automobile Dealers Association, a U.S. partner based in Virginia, are also cited.
Class action suits all have one thing in common - they need to have someone fronting them. In this case, the plaintiffs are four Toronto residents who claim the industry conspired to keep them from getting a better deal. They contend the automakers had a tacit pact not to honour warranties bought down south, a situation that forced consumers who wanted that coverage to pay 25 to 35 per cent more on average for a vehicle sold here.
None of the allegations have been proven in court and the case may never actually reach there. The suits need to be certified by a judge, who has to find justifiable grounds to allow them to proceed. If they get that far, they are often settled beforehand for lesser amounts before actually going to court.
#6
10-10-2007, 11:07 PM
RE: Oh Canada
I think GM did settle because Oshawa plant and St, Catherines engine plant back in production. Strike in US shut down Canadian production as well because of JIT inventory systems.
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