Toyota Proposes $1.1 Billion Settlement - Articles

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Posted by: Brittany Sims on Dec 27, 2012

Toyota Motor Corp. has agreed to pay $1.1 billon to settle a class-action lawsuit over claims that millions of its vehicles from 1998 to 2010 accelerate unintentionally. The settlement will compensate Toyota customers for any financial losses related to possible safety defects in their vehicles. Toyota admitted no fault in the proposed settlement. The Nashville Business Journal has more.