Again bad news for the financially battered car giants! A civil court in Turin has declared a Class Action law case against the company due to a possible incorrect airbag of the Japanese car supplier Takata. The problem could devour hundreds of million euros.
This was announced on Monday evening. Affected vehicle owners have 150 days to participate in the Class Action, the two consumer groups explained Codacones and Altraconsumo in two separate statements. They added that a judicial hearing about the case had been postponed on November 21.
Stellantis took note of the decision of the court and emphasized in a statement that the “tireless” worked on his recall campaign and “reserves the right to consider a suitable initiative as part of the current proceedings”.
The European car manufacturer pointed out that the decision “only concerns the admissibility of the collective action and neither the alleged liability (Van Stellantis) nor the claimed compensation, the evaluation of which is postponed in a later phase of the procedure”.
The punishment could tighten the crisis
The Codacons Association, which also submitted the Class Action law case in the name of other consumer groups, said that the required compensation could be up to 285 million euros.
Last year, Stellantis had launched a large-scale recall campaign for Takata airbags, which struck hundreds of thousands of lemon and DS models from 2009 to 2019.
Stellantis includes various subsidiaries, including Opel, Peugeot, Citroën, Fiat, Chrysler, Jeep and Alfa Romeo. The company is one of the largest car manufacturers in the world. However, it is running slowly economically for Stellantis. The production of European giants has fallen to the lowest level in Italy since 1956.
Just like other companies, the world’s world’s largest car manufacturer is fighting with a weak demand, especially for electric cars. Political uncertainty and the increasing competition of Chinese manufacturers also contribute enormously to Stellantis, which has its headquarters in the Netherlands. Shaking tens of thousands of jobs.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
