Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

GM faces class action in Australia over Holden transmission issues

by
January 8, 2025
in Investing
0
GM faces class action in Australia over Holden transmission issues
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Australian law firm Maurice Blackburn said it had filed a class action lawsuit against U.S. carmaker General Motors (NYSE:GM)’ local unit, alleging the transmission systems of certain models of its now-defunct GM Holden brand were defective.

The class action covers people who bought certain models of Holden vehicles between Jan. 1, 2011 and Dec. 24, 2024, Maurice Blackburn said in a statement on Wednesday.

The alleged defect resulted in various problems, including intermittent transmission shudders and leakage of automatic transmission fluid, Maurice Blackburn said.

“The class action alleges that General Motors failed to comply with the guarantee of acceptable quality under the Australian Consumer Law and engaged in misleading and deceptive conduct,” the law firm said.

GM was not immediately available for comment.

The U.S. carmaker had retired the Holden brand in 2021, saying that with sales plummeting, it could not justify the investment to continue building right-hand drive vehicles.

The class action is seeking compensation for loss and damage. Maurice Blackburn did not immediately respond to a request to clarify the number of vehicles affected and the amount it was seeking.

This post appeared first on investing.com
Previous Post

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.44%

Next Post

Jefferies downgrades Nestlé, Danone to ‘underperform’ over growth, margin concerns

Next Post
Jefferies downgrades Nestlé, Danone to ‘underperform’ over growth, margin concerns

Jefferies downgrades Nestlé, Danone to ‘underperform’ over growth, margin concerns

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Takeaways from the start of a Fed rate-cutting cycle

Takeaways from the start of a Fed rate-cutting cycle

October 12, 2024
Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

May 20, 2025
Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

May 20, 2025
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

May 17, 2025
Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

May 16, 2025

Recent News

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

May 20, 2025
Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

May 20, 2025
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

May 17, 2025
Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

May 16, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved