Toyota Finalizes $29 Million Multi-State Settlement Over Acceleration
The payment, to be doled out to attorneys general of 29 states and one U.S. territory, is part of the $1.1 billion Toyota agreed to pay in December to compensate consumers who lost value on their cars due to sudden, unintended acceleration.
As part of Thursday’s deal, Toyota will also maintain its rapid-response centers and quality field offices in the United States to recoup Toyota drivers affected by its recalls for the cost of rental cars and public transportation.
The move is another step by Toyota to move past its safety crisis, which began in 2009 and forced the company to recall about 16 million Toyota, Lexus and Scion vehicles sold in the United States.
- Acquitted Yale Student Sues Women’s Groups for Calling Him a Rapist
- Harvard Contract Breach Claims Blaming Marsh for Its $15M Insurance Denial Filed Too Late, Judge Rules
- Vanderbilt Plans $520 Million Palm Beach Campus, Tapping into Migration of Wealth
- Trump Pitches $3 Billion in Condos at Miami-Area Golf Course