Reuters logo
Toyota in U.S. settlement over unintended acceleration -CNN
March 19, 2014 / 12:35 AM / 4 years ago

Toyota in U.S. settlement over unintended acceleration -CNN

WASHINGTON, March 18 (Reuters) - The U.S. Justice Department has reached a $1 billion settlement with Toyota Motor Corp over the automaker’s handling of consumer complaints tied to unintended vehicle acceleration and will announce the agreement as early as Wednesday, CNN reported.

Sources familiar with the deal told CNN that Toyota was expected to avoid criminal charges.

The U.S. Attorney’s Office in Manhattan has been probing allegations the company misled U.S. authorities after the complaints about the unintended acceleration emerged. The acceleration issue prompted Toyota to recall millions of vehicles beginning in 2009.

The Japanese automaker last year paid more than $1 billion to resolve economic-loss claims related to the recall. (Reporting by Peter Cooney; Editing by Eric Walsh)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below