Judge Finds Ford Violated Dealer Agreements: $2 Billion In Damages Owed
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DETROIT (WWJ) – A judge has ruled that Ford Motor Company must pay nearly $2 billion in damages to thousands of dealerships in a 2002 class-action lawsuit that said the automaker violated dealer agreements.
A Cleveland judge issued the ruling based on a jury determination that the company overcharged dealers for commercial trucks during an 11-year period.
A lawyer representing truck dealers says damages are to be paid to more than 3,000 dealerships.
Ford says the company will appeal.