7th APRIL 2015 - Vol.XXXVIII No.018
Business News

Toyota settles suit

LOS ANGELES: Embattled Japanese carmaker Toyota has settled a US lawsuit over a fatal crash near San Diego last year that led to massive recalls of Toyota vehicles.

The Los Angeles Times said the company revealed the settlement in a letter to a California Superior Court judge, but declined to provide details of the terms.

Toyota has seen its reputation badly damaged after it recalled about 10 million vehicles worldwide because of dangerous defects, many involving "sticky" accelerator pedal problems that could cause vehicles to speed out of control.

The carmaker paid a record $16.4m fine earlier this year to settle claims it hid accelerator pedal defects blamed for more than 50 US deaths and faces a host of civil lawsuits over issues with "unintended acceleration".

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