Woodsford supports Toyota Diesel Defeat Device class action in Australia.
Woodsford supports another major Australian class action with a claim filed yesterday (17th October) in the Supreme Court of Victoria on behalf of up to half a million owners of diesel-powered Toyota vehicles.
The class action filed yesterday by Victoria-based Maddens Lawyers alleges that Toyota Motor Corporation Australia Limited manufactured and sold hundreds of thousands of diesel vehicles to Australian consumers that possess engine design features commonly known as ‘defeat devices’. Woodsford is funding the claim.
It is alleged that some diesel engines developed by Toyota, including those incorporated in some of their most popular models such as the Landcruiser and Hilux, include design elements which tamper with the vehicle’s emissions control system in order to enhance the car’s performance.
Woodsford’s Chief Investment Officer (EMEA & APAC), Charlie Morris commented:
“Toyota’s conduct in this matter is egregious. Not only do these defeat devices deceive consumers into buying a vehicle that is different to what they thought they were buying, they are also damaging to the environment, as diesel cars that do not meet the required emissions standards continue to find their way onto our roads. Woodsford is dedicated to holding big businesses like Toyota to account over wrongdoing of this kind so that consumers receive the compensation they are due, but also in the hope that actions of this kind will lead to a step-change in the behaviour of big business.”
You can read read the full press release here.