An Ohio judge ordered Ford to pay $2 billion to thousands of its dealerships to settle a 2002 lawsuit. Dealers brought the class-action lawsuit after Ford overcharged them for commercial trucks over an 11-year period.

The cash reward breaks down like this: $781 million in damages and $1.2 billion in interest will be divided up among nearly 3,000 dealerships after being overcharged on nearly 475,000 trucks.

According to Ford, the lawsuit covered 600 Series and higher trucks built between 1987 and 1997. Dealers accused Ford of failing to let them know about price concessions given to some dealers. Ford says it will appeal the decision, so the $2B likely isn't going anywhere just yet.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    Share This Photo X