Toyota to payout $1b over car faults

Toyota Motor announced Wednesday that it would pay out an historic $1 billion to settle a class-action lawsuit over its cars’ unintended acceleration problems. According to the New York Times, “the class-action case was the largest legal action related to economic losses by vehicle owners” and the proposed settlement would be the largest in U.S. history involving car defects.The settlement — which still must be approved by a federal judge — follows a four-year legal battle over claims by drivers that their cars would unexpectedly speed up. The defect allegedly caused numerous accidents and four deaths. However, Toyota’s settlement involves no admission of fault. While the class-action complaint contended that the unintended acceleration was caused by problems with the cars’ electronics, the Japanese firm has argued that driver error, faulty floor mats and stuck accelerator. Via the NYT:Continue Reading…

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Toyota to payout $1b over car faults

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