Chrysler Resells Lemons
June 21, 2001
The Chrysler Group is asking a North Carolina appellate judge to reconsider his ruling ordering the company to make public documents detailing the automaker's practice of recycling "lemon" cars. Between 1993 and 2000, Chrysler repurchased over 50,000 vehicles that the company was unable to fix. Dealers resold approximately 40,000 of these cars at auction. According to the documents, problems with the majority of these cars were not fully explained to purchasers. Through this "recycling" program, Chrysler recouped almost 70% of its repurchase costs.
Chrysler claims that these documents contain "confidential business information" and should not be disclosed to the public. Company critics respond that no company engaging in this sort of business practice would want this type of information made public.
-- Article Courtesy of InjuryBoard.com
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