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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.


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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
bston
Champion Author Oklahoma City

Posts:5,026
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Message Posted: Dec 28, 2012 4:32:21 PM

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

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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......
BigKart
Champion Author Indianapolis

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Message Posted: Dec 27, 2012 3:53:06 PM

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

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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.
cssco
Champion Author Virginia

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Message Posted: Dec 27, 2012 12:15:50 PM

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

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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!
sent4456
Champion Author Toronto

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Message Posted: Dec 27, 2012 12:06:22 PM

What next?
gumbyrex
Champion Author Fresno

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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.
I10Express
Champion Author San Antonio

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Message Posted: Dec 27, 2012 11:58:35 AM

Does that lower gas prices?
Chillywilly
Champion Author Winnipeg

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Message Posted: Dec 27, 2012 11:56:17 AM

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

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Joined:Jul 2011
Message Posted: Dec 27, 2012 11:54:46 AM

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

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Message Posted: Dec 27, 2012 11:51:48 AM

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

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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
LongPlay
Champion Author Albuquerque

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Message Posted: Dec 27, 2012 11:51:07 AM

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

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Message Posted: Dec 27, 2012 11:50:34 AM

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

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Message Posted: Dec 27, 2012 11:50:09 AM

Glad I never bought that Toyota.
sciotosix
Champion Author Dayton

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Message Posted: Dec 27, 2012 11:50:08 AM

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

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Message Posted: Dec 27, 2012 11:48:15 AM

That's true.
bassakwards007
Champion Author Orange County

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Message Posted: Dec 27, 2012 11:46:25 AM

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

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Message Posted: Dec 27, 2012 11:43:52 AM

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

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Message Posted: Dec 27, 2012 11:42:52 AM

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

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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.
Z51Corvette
Champion Author Austin

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Message Posted: Dec 27, 2012 11:42:36 AM

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

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Message Posted: Dec 27, 2012 11:41:06 AM

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

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Message Posted: Dec 27, 2012 11:40:13 AM

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

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Message Posted: Dec 27, 2012 11:39:54 AM

Meh...
flyfast
Champion Author Kansas City

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Message Posted: Dec 27, 2012 11:38:18 AM

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

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Message Posted: Dec 27, 2012 11:37:45 AM

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

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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!
VetteFan
Champion Author Indiana

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Message Posted: Dec 27, 2012 11:37:10 AM

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

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Message Posted: Dec 27, 2012 11:36:43 AM

Yep
defense
Champion Author Grand Rapids

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Message Posted: Dec 27, 2012 11:35:35 AM

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

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Message Posted: Dec 27, 2012 11:35:32 AM

Interesting. . .
bicycler
Champion Author Ontario

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Message Posted: Dec 27, 2012 11:34:50 AM

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

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Message Posted: Dec 27, 2012 11:33:23 AM

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

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Message Posted: Dec 27, 2012 11:32:46 AM

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

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Message Posted: Dec 27, 2012 11:31:53 AM

$2 gas
Beboper
Champion Author Virginia

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Message Posted: Dec 27, 2012 11:31:52 AM

car prices going up
Car54BC08
Champion Author British Columbia

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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.
q2
Champion Author Alberta

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Message Posted: Dec 27, 2012 11:29:10 AM

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

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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.
mrservonics
Champion Author Boston

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Message Posted: Dec 27, 2012 11:27:42 AM

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

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Message Posted: Dec 27, 2012 11:27:40 AM

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

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Message Posted: Dec 27, 2012 11:27:26 AM

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

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Message Posted: Dec 27, 2012 11:17:35 AM

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

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Message Posted: Dec 27, 2012 11:02:15 AM

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

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Message Posted: Dec 27, 2012 10:42:26 AM

Buy American!
SUNOIL
Champion Author Toledo

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Message Posted: Dec 27, 2012 10:38:07 AM

Get in line
cricket48750
Champion Author Michigan

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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.
Tnerbeel
Champion Author Houston

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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.
treehood
Champion Author San Diego

Posts:5,340
Points:1,179,010
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.
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