Toyota Moves To Settle 'Sudden Acceleration' Lawsuits For More Than $1 Billion
Toyota has agreed to spend more than $1 billion to resolve lawsuits stemming from "unintended acceleration" cases. In November, the company displayed new cars at the Los Angeles Auto show. Toyota has agreed to spend more than $1 billion to resolve lawsuits stemming from "unintended acceleration" cases. In November, the company displayed new cars at the Los Angeles Auto show. Kevork Djansezian/Getty Images Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1. 4 billion in claims, according to the auto maker and the law firm representing Toyota customers. U.S. District Court Judge James Selna, at whose direction the many lawsuits over the "runaway car" fears were consolidated in 2010, will review the proposed settlement Friday. The plaintiffs' law firm, Hagens Berman, says the final settlement has a value of between $1.
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Christopher P. Reynolds
Overall Sentiment: 0.0192978
Relevance: 0.191176
| Sentiment | Quote |
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| -0.0637845 | "This was a difficult decision – especially since reliable scientific evidence and multiple independent evaluations have confirmed the safety of Toyota's electronic throttle control systems," said Christopher P. Reynolds, ... |
| 0.0192693 | "This was a difficult decision – especially since reliable scientific evidence and multiple independent evaluations have confirmed the safety of Toyota's electronic throttle control systems," said Christopher P. Reynolds, chief legal officer of Toyota Motor North America. "However, we concluded that turning the page on this legacy legal issue through the positive steps we are taking is in the best interests of the company, our employees, our dealers and, most of all, our customers." |
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Hagens Berman
Overall Sentiment: 0.012111
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Tracy
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Tracy Samilton
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| -0.0762939 | Tracy Samilton reported that the carmaker admitted that "in some cases loose floor mats could get trapped on gas pedals, and that some gas pedals had become sticky, and wouldn't always fully release. But Tracy also said that NASA engineers who had looked at the problem found an additional possible cause: pedal misapplication, or what one dealer termed "driver error." |
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Judge James Selna
Overall Sentiment: -0.237549
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Sonari Glinton
Overall Sentiment: -0.126183
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| 0.100524 | "that no fatalities occurred because of the car's electronics," as NPR's Sonari Glinton reported. ... |
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Company: Toyota
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Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement requiring the carmaker to pay as much as $1.4 billion in claims. A judge will review the proposal Friday.
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Toyota Moves To Settle 'Sudden Acceleration' Lawsuits For More Than $1 Billion
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