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CASES & INVESTIGATIONS |
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GENERAL INFORMATION |
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November 28, 2007 |
Reuters, "Ford agrees to settle
some rollover cases" |
Ford Motor Co has agreed to settle class-action
litigation covering plaintiffs in four states who claimed its Explorer
sport utility vehicles were prone to rollovers, Ford said on Wednesday. "From
Ford's position, we believe the settlement is fair and reasonable and
in the best in interests of our customers and our shareholders," Ford
spokeswoman Kristen Kinley said.
A preliminary approval hearing was scheduled
for Monday, Kinley said, but declined to estimate the cost to Ford. The
settlement applies to about 1 million people in California, Connecticut,
Illinois and Texas, according to the Associated Press.
Attorneys told
the AP that the settlement would be filed later on Wednesday in Sacramento
County Superior Court. It will allow vehicle owners to apply for $500
vouchers to buy new Explorers or $300 vouchers to buy other Ford or Lincoln
Mercury products. The settlements apply to Explorers from model years
1991 through 2001. |
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