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. 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.
The National Highway Traffic Safety Administration proposes a requirement that automakers include a brake-throttle override system in all their cars and light trucks to prevent sudden acceleration.WASHINGTON — More than 21/2 years after the fatal crash of a Lexus in suburban San Diego led to the recall of millions of Toyota vehicles, federal regulators are taking their most significant step to prevent future vehicles from accelerating out of control.
WASHINGTON (AP) -- Federal regulators are proposing cars be required to have throttle override systems to prevent runaway acceleration in instances where the driver steps on the gas pedal and brake at the same time....
New cars and light trucks would have to have override systems to prevent unintended acceleration in instances where the driver steps on the gas pedal and brake at the same time or accelerator control systems disconnect, under new federal regulations proposed Thursday.
(Reuters) - Toyota Motor Corp <7203.T> is close to a deal to pay $1 billion to settle a U.S. criminal investigation into how it disclosed customers' complaints about unintended acceleration years ago, the Wall Street Journal reported on Friday, citing anonymous sources.