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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

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bston Champion Author Oklahoma City Posts:1,800 Points:638,275 Joined:Mar 2011	Message Posted: Dec 28, 2012 4:32:21 PM Ignore bston Report Abuse Hopefully everyone can put this behind them & problems like this won't happen again.
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Dec 28, 2012 5:11:21 AM Ignore tomok Report Abuse 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 All-Star Author Indianapolis Posts:753 Points:221,595 Joined:Apr 2011	Message Posted: Dec 27, 2012 3:53:06 PM Ignore BigKart Report Abuse Let's guess that the attorneys and the government get lots of money.
DeeLA Champion Author Los Angeles Posts:4,797 Points:1,361,330 Joined:Nov 2008	Message Posted: Dec 27, 2012 12:59:24 PM Ignore DeeLA Report Abuse There is always the statement in opt-in suits, which precludes suing the company for other problems.
cssco Champion Author Virginia Posts:7,306 Points:1,747,530 Joined:Feb 2006	Message Posted: Dec 27, 2012 12:15:50 PM Ignore cssco Report Abuse Could a fellow buy one retroactively at the after market place?
SandeeC Champion Author Ontario Posts:2,983 Points:459,105 Joined:Apr 2011	Message Posted: Dec 27, 2012 12:07:01 PM Ignore SandeeC Report Abuse 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 Posts:1,318 Points:2,122,045 Joined:Mar 2006	Message Posted: Dec 27, 2012 12:06:22 PM Ignore sent4456 Report Abuse What next?
gumbyrex Champion Author Fresno Posts:3,281 Points:755,290 Joined:Mar 2011	Message Posted: Dec 27, 2012 12:04:43 PM Ignore gumbyrex Report Abuse 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 Posts:8,649 Points:1,635,970 Joined:Nov 2008	Message Posted: Dec 27, 2012 11:58:35 AM Ignore I10Express Report Abuse Does that lower gas prices?
Chillywilly Champion Author Winnipeg Posts:2,097 Points:580,645 Joined:Mar 2004	Message Posted: Dec 27, 2012 11:56:17 AM Ignore Chillywilly Report Abuse Time for the lawyers to make hay.
crmedic Champion Author Arkansas Posts:2,623 Points:220,150 Joined:Jul 2011	Message Posted: Dec 27, 2012 11:54:46 AM Ignore crmedic Report Abuse I don't have a Toyota! Strictly GM or Ford!!!! Buy American!
Bigtex09 Champion Author Dallas Posts:4,273 Points:1,156,360 Joined:Oct 2009	Message Posted: Dec 27, 2012 11:51:48 AM Ignore Bigtex09 Report Abuse everybody already has their hands out, more stuff!!
mustangdaver Champion Author Ontario Posts:2,571 Points:754,875 Joined:Aug 2005	Message Posted: Dec 27, 2012 11:51:07 AM Ignore mustangdaver Report Abuse 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 Posts:4,227 Points:1,236,275 Joined:May 2008	Message Posted: Dec 27, 2012 11:51:07 AM Ignore LongPlay Report Abuse Toyota is working to recover from the bad publicity.
mainenightowl All-Star Author Maine Posts:854 Points:302,420 Joined:May 2012	Message Posted: Dec 27, 2012 11:50:34 AM Ignore mainenightowl Report Abuse Who is actually going to benefit from this...aside from the attorneys?
FrankTA2 Champion Author New York Posts:4,288 Points:1,092,835 Joined:Jun 2007	Message Posted: Dec 27, 2012 11:50:09 AM Ignore FrankTA2 Report Abuse Glad I never bought that Toyota.
sciotosix Champion Author Dayton Posts:2,729 Points:662,125 Joined:Apr 2011	Message Posted: Dec 27, 2012 11:50:08 AM Ignore sciotosix Report Abuse Wonder how much the lawyers made on this.
skb69sa Champion Author San Antonio Posts:3,467 Points:707,375 Joined:Mar 2011	Message Posted: Dec 27, 2012 11:48:15 AM Ignore skb69sa Report Abuse That's true.
bassakwards007 Champion Author Orange County Posts:1,112 Points:240,220 Joined:Aug 2012	Message Posted: Dec 27, 2012 11:46:25 AM Ignore bassakwards007 Report Abuse Big settlement, of course we admit no guilt..
masker5900 Veteran Author Mobile Posts:363 Points:157,815 Joined:Sep 2012	Message Posted: Dec 27, 2012 11:43:52 AM Ignore masker5900 Report Abuse Owners will be lucky to see a dime.
2parrots Champion Author Massachusetts Posts:1,536 Points:342,290 Joined:May 2012	Message Posted: Dec 27, 2012 11:42:52 AM Ignore 2parrots Report Abuse after the attorneys take their slice the payout cake will be greatly reduced
gasokie Champion Author Oklahoma Posts:3,442 Points:1,323,805 Joined:May 2007	Message Posted: Dec 27, 2012 11:42:42 AM Ignore gasokie Report Abuse 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 Posts:8,475 Points:1,668,445 Joined:Jan 2008	Message Posted: Dec 27, 2012 11:42:36 AM Ignore Z51Corvette Report Abuse Worry.... they should be thankful they have a car and are "alive"! Simply ridiculous!
bullfrog69 Champion Author Texas Posts:2,304 Points:831,260 Joined:Nov 2009	Message Posted: Dec 27, 2012 11:41:06 AM Ignore bullfrog69 Report Abuse Ha! Ha! Communist traitors!
wdcutter All-Star Author Lansing Posts:631 Points:53,935 Joined:Mar 2012	Message Posted: Dec 27, 2012 11:40:13 AM Ignore wdcutter Report Abuse The lawsuit will only line the pockets of attorneys.
porotito Champion Author Houston Posts:2,140 Points:577,735 Joined:Dec 2010	Message Posted: Dec 27, 2012 11:39:54 AM Ignore porotito Report Abuse Meh...
flyfast Champion Author Kansas City Posts:9,233 Points:1,822,035 Joined:Jan 2008	Message Posted: Dec 27, 2012 11:38:18 AM Ignore flyfast Report Abuse cover up still do not fix the cars
radiorumor Champion Author Texas Posts:2,792 Points:749,860 Joined:Feb 2011	Message Posted: Dec 27, 2012 11:37:45 AM Ignore radiorumor Report Abuse I knew I should have bought a Toyota
trombo31 All-Star Author Kentucky Posts:541 Points:268,430 Joined:May 2011	Message Posted: Dec 27, 2012 11:37:27 AM Ignore trombo31 Report Abuse 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 Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Dec 27, 2012 11:37:10 AM Ignore VetteFan Report Abuse If you get a check, then you'll know.
autohio Champion Author Ohio Posts:3,755 Points:815,475 Joined:Jan 2011	Message Posted: Dec 27, 2012 11:36:43 AM Ignore autohio Report Abuse Yep
defense Champion Author Grand Rapids Posts:1,350 Points:1,363,500 Joined:May 2004	Message Posted: Dec 27, 2012 11:35:35 AM Ignore defense Report Abuse Not much. Unless your one of the lawyers. Then millions.
Digger52 Champion Author Chicago Posts:2,387 Points:844,935 Joined:Aug 2008	Message Posted: Dec 27, 2012 11:35:32 AM Ignore Digger52 Report Abuse Interesting. . .
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Dec 27, 2012 11:34:50 AM Ignore bicycler Report Abuse I wonder why people still buy those `recall` cars
LtRTH Champion Author St. Louis Posts:1,757 Points:581,645 Joined:May 2011	Message Posted: Dec 27, 2012 11:33:23 AM Ignore LtRTH Report Abuse About $1.95 per person. The lawyers will get the rest.
Cheepo Champion Author Tampa Posts:9,879 Points:3,125,955 Joined:Apr 2003	Message Posted: Dec 27, 2012 11:32:46 AM Ignore Cheepo Report Abuse The ambulance chasers will see most of that money from an other cash cow!!!!
bobzilla11 Champion Author Indiana Posts:1,191 Points:492,300 Joined:May 2011	Message Posted: Dec 27, 2012 11:31:53 AM Ignore bobzilla11 Report Abuse $2 gas
Beboper Champion Author Virginia Posts:8,707 Points:2,159,790 Joined:Oct 2005	Message Posted: Dec 27, 2012 11:31:52 AM Ignore Beboper Report Abuse car prices going up
Car54BC08 Champion Author British Columbia Posts:4,234 Points:1,506,340 Joined:Jun 2008	Message Posted: Dec 27, 2012 11:29:45 AM Ignore Car54BC08 Report Abuse The billion dollar payout is what the lawyer's will get. The Toyota owners will get a thank you card.
q2 Champion Author Alberta Posts:2,019 Points:377,070 Joined:Nov 2008	Message Posted: Dec 27, 2012 11:29:10 AM Ignore q2 Report Abuse the lawyers will take at least half of it
Hypersonic All-Star Author Maryland Posts:961 Points:846,770 Joined:Aug 2008	Message Posted: Dec 27, 2012 11:27:45 AM Ignore Hypersonic Report Abuse I dont have a Toyota, but I'd like to see fairness in the payouts to the owners.
mrservonics Champion Author Boston Posts:2,709 Points:1,349,405 Joined:May 2005	Message Posted: Dec 27, 2012 11:27:42 AM Ignore mrservonics Report Abuse Toyota just made some lawyers VERY rich. Claimants?
ss70 Champion Author Detroit Posts:9,630 Points:1,866,100 Joined:Sep 2005	Message Posted: Dec 27, 2012 11:27:40 AM Ignore ss70 Report Abuse Toyota is doing right thing at least now .
thirty8paces Champion Author Baltimore Posts:4,503 Points:1,103,145 Joined:Sep 2008	Message Posted: Dec 27, 2012 11:27:26 AM Ignore thirty8paces Report Abuse It shouldn't affect most people since most people didn't experience the issue.
NorthglennBill Champion Author Denver Posts:7,417 Points:1,469,370 Joined:Oct 2008	Message Posted: Dec 27, 2012 11:17:35 AM Ignore NorthglennBill Report Abuse Sounds like Toyota is trying to make this just go away.
Holly123 Champion Author Charlotte Posts:3,182 Points:786,210 Joined:Dec 2010	Message Posted: Dec 27, 2012 11:02:15 AM Ignore Holly123 Report Abuse Too bad so sad ....
RobertSpratt Champion Author Virginia Beach Posts:4,815 Points:1,042,515 Joined:Jul 2007	Message Posted: Dec 27, 2012 10:42:26 AM Ignore RobertSpratt Report Abuse Buy American!
SUNOIL Champion Author Toledo Posts:5,225 Points:1,922,005 Joined:Jul 2007	Message Posted: Dec 27, 2012 10:38:07 AM Ignore SUNOIL Report Abuse Get in line
cricket48750 All-Star Author Michigan Posts:787 Points:410,555 Joined:May 2011	Message Posted: Dec 27, 2012 10:37:29 AM Ignore cricket48750 Report Abuse Consumers will foot the bill as usual. It won't come out of the execustives wages or bonuses.
Tnerbeel Champion Author Houston Posts:8,804 Points:1,744,835 Joined:Mar 2007	Message Posted: Dec 27, 2012 10:37:02 AM Ignore Tnerbeel Report Abuse 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.