Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Honda Motor Co Ltd    7267   JP3854600008

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Honda Motor : Honda wins appeal over Civic hybrid fuel economy

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 12:08am CEST

Honda Motor Co has won the reversal of a $9,867 small-claims judgment awarded to an owner who claimed the Japanese automaker fraudulently overstated the fuel economy of her Civic hybrid car.

Tuesday's decision by California Superior Court Judge Dudley Gray overturned an award to Heather Peters, who had dropped out of a class-action settlement to pursue her own lawsuit concerning her 2006 vehicle.

According to her website on the case, www.dontsettlewithhonda.org, Peters is among roughly 1,700 people who opted out of a class-action settlement covering a potential 200,000 Honda owners.

That settlement awarded owners $100 or $200 each, plus rebates if they bought new Hondas, court papers show.

In his decision, Gray said owners could not sue over Honda's use of advertising slogans that its vehicles use "amazingly little fuel" and save "plenty of money on fuel," saying such slogans are "not specific promises of anything."

He also said that while Peters' fuel economy may have been less than she expected, most other owners of her type of car come "very close" to estimates from the federal Environmental Protection Agency.

Peters claimed that Honda could owe more than $2 billion had all affected owners opted out of the class-action settlement and sued in small-claims court.

The court that approved the class-action settlement valued that accord at $170 million. Lawyers for the plaintiffs had estimated its value at between $87.5 million and $461.3 million.

Peters, a lawyer, represented herself in the case, and said California law does not allow her to appeal Tuesday's decision.

"Obviously, I'm disappointed," she said in a phone interview. "Honda used to be a brand that would go the extra mile on customer service."

Peters said she still has her Civic, and that it has recently been getting 25 miles per gallon. "I wish I could get rid of it, I can't afford to," she said.

Chris Martin, a spokesman for American Honda Motor Co, said the company is pleased with Gray's decision, "which affirms that Honda was truthful in its advertising of the fuel economy potential of the 2006 Honda Civic Hybrid."

Peters on her website urged other Honda owners to follow her strategy. However, Honda said it has prevailed in small claims court in all but one of 17 similar cases filed this year, and is deciding whether to appeal the ruling it lost.

The case is Peters v. American Honda Motor Co, Superior Court of California, Los Angeles County, No. 11S02156.

(Reporting by Jonathan Stempel in New York; editing by M.D. Golan, Bernard Orr)

By Jonathan Stempel and Ben Klayman

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONDA MOTOR CO LTD
04/25 HONDA MOTOR : 2017 Honda Civic Type R sets new front-wheel drive lap record at N..
04/25 HONDA MOTOR : NYPD officer charged after off-duty crash in Queens, police said
04/25 HONDA MOTOR : True Zeros Hydrogen Filling Station Network Deployment Wins Edison..
04/25 HONDA MOTOR : investing $124 million for Ohio wind tunnel
04/25 HONDA MOTOR : Gunn Automotive Buys 10.4 Acres in Metro Fort Worth for $10M Honda..
04/25 HONDA MOTOR : 2017 honda civic type r sets new front-wheel drive lap record at n..
04/25 HONDA MOTOR :
04/25 HONDA MOTOR : East Liberty research center expands, draws visit from Trump offic..
04/25 HONDA MOTOR : Asheboro woman survives car splitting in half
04/25 HONDA MOTOR : Baltimore County police identify suspect, officer in police shooti..
More news
Sector news : Auto & Truck Manufacturers - NEC
04/25 Germany opposes key EU car emission test reforms -document
04/25 Volvo profit jumps on cost cuts and strong truck demand
04/25 NISSAN MOTOR : Mitsubishi's new Indonesia plant studying production of Nissan de..
04/25DJGENERAL MOTORS : GM Loses Bid to Curb Ignition Suits -- WSJ
04/24DJGENERAL MOTORS : GM Loses Legal Bid to Limit Fallout From Ignition Switch Cases ..
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
04/24 THE NEW U.S. CAR SALES KING : Nissan Rogue
04/24 Automobile stocks rev higher after Europe fears ease
04/20 DAVID EINHORN : GM Battle Heats Up
04/20 WALL STREET BREAKFAST : Is Crude In A Mood?
04/20 Beware of secondhand airbags
Advertisement
Financials ( JPY)
Sales 2017 13 828 637 M
EBIT 2017 598 600 M
Net income 2017 579 755 M
Debt 2017 3 525 371 M
Yield 2017 2,87%
P/E ratio 2017 9,89
P/E ratio 2018 9,27
EV / Sales 2017 0,67x
EV / Sales 2018 0,70x
Capitalization 5 776 645 M
More Financials
Chart HONDA MOTOR CO LTD
Duration : Period :
Honda Motor Co Ltd Technical Analysis Chart | 7267 | JP3854600008 | 4-Traders
Full-screen chart
Technical analysis trends HONDA MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3 808  JPY
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takahiro Hachigo President, CEO & Representative Director
Mitsugu Matsukawa GM-Information Technology & Executive Officer
Yoshiyuki Matsumoto Director & Senior Managing Executive Officer
Yoshi Yamane Director & Senior Managing Executive Officer
Takashi Sekiguchi Director & Managing Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO LTD-6.48%52 029
TOYOTA MOTOR CORP-12.75%174 324
VOLKSWAGEN AG9.22%79 253
DAIMLER AG-2.86%78 790
BAYERISCHE MOTOREN WER..-1.10%61 633
GENERAL MOTORS COMPANY-2.67%50 796
More Results