Toyota to pay $1.1 billion to settle suit

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

In 2009, the National Highway Traffic Safety Administration declared that Toyota’s design could cause acceleration pedals to get caught in the floor mats.  That triggered its largest recall ever and has now led to the largest auto industry settlement of a suit filed in 2010 – if approved.  Toyota offered to pay about $1.1 billion to install new safety equipment.  The proposed settlement, filed in a Federal District Court in California, “would make cash payments for the loss of value on vehicles affected by multiple recalls and install special safety features on up to 3.2 million cars.”

Read more on the New York Times.  

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!