General Motors Hit With $10 Billion Class Action
RIVERSIDE, Calif. (CN) - A federal class action filed Wednesday claims General Motors owes car- and truck-owners $10 billion for defects it hid for years, which will reduce the vehicles' resale value.
GM has recalled more than 20 million vehicles for safety defects this year, many of them for an ignition switch defect that has been linked to at least a dozen deaths.
This defect is not part of the class action, which mentions more than a dozen other alleged defects for vehicles purchased from July 10, 2009 through April 1 this year.
The lawsuit claims that the hidden defects have reduced as many as 15 million vehicles' resale values by $500 to $2,600 each.
Lead plaintiff Anna Andrews is represented by Elaine Byszewski, with Hagens, Berman, Sobol, Shapiro, of Pasadena.