The lawsuits were inevitable, but General Motors has now been hit by its biggest lawsuit to date: $10 billion for compensation over the loss of value of 27 million vehicles due to serial recalls. The lawsuit asserts GM facilitated the loss in values by hiding 60-plus defects for vehicles sold in the U.S.
This class-action lawsuit aims to represent everyone who bought or leased a recalled car from July 2009-2014 and is either still in possession of it, sold it after mid-February when the ignition recalls started, or had an accident that totaled the vehicle after February.
“New GM repeatedly proclaimed that it was a company committed to innovation, safety, and maintaining a strong brand. The value of all GM-branded vehicles has diminished as a result of the widespread publication of those defects and New GM’s corporate culture of ignoring and concealing safety defects,” says complaint filed earlier this week in U.S. District Court in Manhattan.
As reported by Automotive News, the lawsuit alleges that 2010 and 2011 Chevrolet Camaros lost $2,000 in value as a result of recalls. The price drop of the 2009 Pontiac Solstice is $2,900.
Comments
Hasn’t it been proven already that the values actually went up? Good god lawyers are freakin greedy.
Wow, this is ridiculous! I think due to the recalls GM is positioning themselves and owners of cars (of which I am one) to be more highly sought after. Transparency wins the day in my book. Oh wonderful lawyers, where have you been with your lawsuit for billions against Toyota whose transgressions have been worse and seem to be swept under the rug!
The sad fact is that this class action suit will be placed and the only people who will get any money will be the lawyers in this case. GM will be hit with corporate black mail and will be forced to settle as it is cheaper than it is to fight. The folks these so called crooks I mean lawyers will take most of the money and the rest will result in a discount on an oil change or something like that for the car owners.
I hate to tell them but my HHR SS was down to about $12k when they stopped making them. Today I could sell mine easy for $17K-18K. They are hard to find and like the Trailblazer SS are gaining value.
This is why we need tort reform in this country as lawyers get rich and we the consumer pay for all of it.
They’re setting them up to have a class action lawsuit against them for the overcharges of OnStar once you give them your credit card or debit information they hold on to it and repeatedly charge you without your authorization you make the situation known to OnStar and they don’t give you your money back
I received a credit of $74 after being charged over $2,000 by OnStar without my authorization. The sad part about it is I was told by GM that OnStar to separate and they have no authority over them but they sell you their services. I’m a very upset now former GM customer I would like to get together with other GM customers and form a class action lawsuit against them that’s my goal.
I read your article on the internet that you might be able to help with a cracked dash on my Yukon getting it repaired so I decided to give it a try. My 2014 Yukon dash cracked near my Airbag on passenger side with 39,000 miles I have had if for 3 1/2 years it is garage kept. I contacted the dealership where I purchased it and they advised they couldn’t cover it I then call my warranty company which I purchased thru GM and they would not cover it also. My next step I contacted GM customer service and after speaking with the Senior Advisor she advised they wouldn’t cover it either because I had a warranty and gave me the runaround saying she didn’t get it complaints over this issue and there is no recall or bulletin out which is true from reading the internet. There are hundreds of complaints on the internet about this but nothing is being done. This is my second GM vehicle where the dash has cracked in the same place and it also cracked in my sons Yukon in the same place as mine did. After going back and forth with her for 20 minutes nothing was resolved. I did file a claim and have a claim # 8343 360 3696. It’s not a problem with me not having the money to fix this but the reason I feel I shouldn’t have to pay for this is because it is a defect and a safety factor for the vehicle and GM should pay for this. I appreciate your time reading this and if there is anything you can do to help me out I would appreciate it very much. Big bossiness get over on people in our country and hopefully someone can put a stop to them.
Thank you for your time
Joseph Turner
Im with you Joseph!!! My 2012 Suburban has 4 cracks in the dash. Two in the steering column and two in the passenger air bag. There is already a class action suit in Canada for this issue. Google it. I bet we can all get one started here.
I noticed the same ordeal with my 2013 Yukon denali. Crack about 6 inches long on the driver side behind steering wheel and a crack above the left side of air bag on passenger side. I am all in with a resolution guys.
My truck was stolen exactly 1 day after my introductory onstar subscription expired ! As they “pretended” to assist in the recovery they set off the vehicles alarm repeatedly as the police told me so of course the thief ran and left my vehicle abandoned at a gas station. No slim jim marks no hot wire no screw driver!! So how did they get in my vehicle ? How did they start the vehicle ? ONSTAR
I am interested in suing any person similarily affected and/or attorney please contact me via text message 480 823 9744