Toyota in $1.1 bln deal with US owners over recalls
- Published: 27 Dec 2012 at 08.04
- Online news: World
Toyota said it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker.
Japan's auto giant Toyota Motor president, Akio Toyoda, pictured in Tokyo, on December 25, 2012. Toyota says it has agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker.
Toyota did not accept any blame but agreed to compensate owners who argued that the value of about 16.3 million vehicles took a hit from dozens of deadly accidents allegedly caused by Toyota vehicles speeding out of control in 2009.
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