Toyota the Fifth Most Sued Company in America
Toyota, a company that has built a reputation for reliability, certainly has a target on its back after a year filled with recall woes. In fact, things have gotten so bad for the Japanese automaker that it now ranks as the fifth most sued company in America. Perhaps more shocking is that it has nearly six times as many pending lawsuits as its nearest auto-rival (in both sales and lawsuits), General Motors.
According to information from the Public Access to Court Electronic Records (PACER), Toyota is named as a defendant in 1,873 court cases, nearly twelve-times that of 2009. In total, General Motors is named in 299 cases – a significant drop from 1,817 in 2009 (possibly due to the company’s bankruptcy filing).
These numbers don’t tell the whole story, however, with PACER only listing Federal court cases. For this reason, BP (remember the oil spill) ranks very low on the list as most litigation is being handled through state courts.
Ahead of Toyota are Wells Fargo and Bank of America, while Goodyear sits in second and General Electric tops the list.
[Source: FoxBusiness]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
More by Colum Wood
Comments
Join the conversation
GM is not "possibly" because of BK, it IS because of BK. They threw out any litigation against them and all product defect cases were thrown out as well during Ch.11. Toyota has not filed for BK and therefore the lawsuits stick. I guarantee if Government Motors hadn't been sent through Ch.11 thanks to my taxpayer dollars they would have many more lawsuits than they currently do.