Toyota Prius Recalls: Lawsuits list could cost company more than $3 billion

By Alan Ng - Mar 9, 2010

It has been reported that following on from the Toyota Recall Saga affecting models like the Prius, impending lawsuits from Toyota owners could end up costing the auto maker more than $3 billion.

As reported from Associated Press, there is a list of around 89 class-action lawsuits that have been filed by Toyota owners – as a result of the cash value drop of their vehicles after the recall was first announced.

This is thought to be comprised of around 6 million individual cases for Toyota to deal with, which could all add up to be very costly. It is important to point out that this is entirely separate to other payouts that Toyota could have to make – as a result of wrongful death or injury lawsuits.

It is thought that a judge is currently deciding whether these lawsuits can all be brought together into a single legal action – known as “certifying a class”.

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Also See: 2011 Toyota Tundra: 54,000 trucks recalled in Canada and US

  • GMC

    This is a nightmare. It is so disconcerning to operate a vehicle that could accelerate out of control at any moment. Please post any new info pertaining to the law suit. We want to get rid of our car because it's not worth our lifes.

  • Sandra Surico

    How does an owner of a 2008 Prius join one of these lawsuits. We have not had problems YET..but are concerned about even using the car. In addition we couldn't sell it or trade it right now. What a mess.