News Center
News CenterFord Statement Regarding Ohio Court Ruling on Competitive Price Assistance Program
The following statement is attributable to David Leitch, Ford Motor Company group vice president and general counsel:
"We believe the decision made Friday by a state court judge in Ohio is highly flawed, and we are appealing.
"The evidence we presented at trial showed clearly that the former Competitive Price Assistance program – which was a common practice formerly used by companies selling in the extremely competitive medium- and heavy-truck market – resulted in thousands of additional sales benefitting our customers and dealers, and it did not violate our agreement with dealers.
"We believe among the most egregious errors was the decision to apply alleged damages from this one case to each and every dealer in the class without allowing any evidence of how other dealers might have been affected.
"The decision is far outside the bounds of normal legal process, and we are confident that the Ohio appellate courts will reach the same conclusion upon review of the matter, which will take several years based on normal timing."
Related
-
Ford Motor Company’s September Sales Post 9 Percent Increase, Paced by Strong Utility and Truck Sales
-
Ford Motor Co.’s July Sales Up 9 Percent; Ford Brand Utilities, Stronger Lincoln Lead the Way
-
Ford Earns $2.4 Billion Net Income in Second Quarter 2011; Strengthens Foundation for Continued Global Growth
-
Ford June Sales up 14 percent; Cars, Utilities Lead the Way; Fuel-Efficient New Trucks also Regain Momentum
Connect With Ford
Ford Motor Company on Facebook
Ford Motor Company on YouTube
Follow @Ford on Twitter
Ford Motor Company on Flickr