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Entries in Truck Dealers (1)

Friday
Jun102011

Ford to Pay $2 Billion in Damages to Commercial Truck Dealers

KAREN BLEIER/AFP/Getty Images(CLEVELAND) -- Ford will have to shell out $2 billion to commercial truck dealers by order of an Ohio judge, according to Businessweek.  The dealers say the automaker overcharged them for 11 years.

On Friday Cuyahoga County Judge Peter Corrigan awarded one dealer $4.5 million, while similar damages would also be awarded to a class of almost 3,000 additional dealers.  

The case stems from a 2002 lawsuit in which dealers claimed Ford broke a contract to sell trucks at published prices, forcing them to pay more cutting into their profits between 1987 and 1998, Businessweek reports.

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