Recently, a class action lawsuit was filed in the Superior Court for the City and County of San Francisco – Automobile Antitrust Cases I and II – which alleged that Ford Canada purposely worked with other automakers – including Volvo, General Motors, Nissan, Honda, and Toyota – to prevent the export of vehicles from that country to the US.
This was allegedly done intentionally in an effort to reduce competition and artificially drive up vehicle prices in places like the state of California. Now, Ford Canada has agreed to pay an $82 million antitrust settlement as a result, according to Top Class Actions.
This action reportedly violates California’s Cartwright Act, though none of the automakers named in the case have admitted any wrongdoing. The Blue Oval is joined by a host of other brands named in the case, including Acura, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hummer, Infiniti, Jaguar, Jeep, Land Rover, Lexus, Lincoln, Mazda, Mercury, Nissan, Oldsmobile, Plymouth, Pontiac, Saab, Saturn, Toyota, and Volvo. Ford isn’t the first to reach a settlement, however, as General Motors has already agreed to pay $20.15 million, while Toyota will dish out a total of $35.7 million to affected customers.
Customers eligible for part of this settlement include those that purchased or leased a Ford vehicle – or one of a number of other makes and models – from a dealership in California between January 1st, 2001, and April 30th, 2003, and who lived in California as of November 15th, 2010. Payments vary based on the type of vehicle customers purchased, as well as the predetermined claim amount assigned to each model.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Walmart Withdraws and Refiles Antitrust Review Application for Vizio Acquisition
Mar 28, 2024 by
CPI
Apple Prevails in Dismissal of Crypto-Payment Antitrust Lawsuit
Mar 27, 2024 by
CPI
Amazon Fined in Poland for Misleading Customers
Mar 27, 2024 by
CPI
Credit Card Rewards Under Threat as Visa, Mastercard Settlement Impacts Swipe Fees
Mar 27, 2024 by
CPI
UK Fashion Giants Commit to Honest Environmental Claims
Mar 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI