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The Detroit Bureau: Toyota Settles On Runaway Car Suits

Dec 27, 2012, 10:46 PM
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Toyota Motor Co. has reached a more than $1 billion settlement intended to put an end to hundreds of lawsuits stemming from the maker’s problems with unintended acceleration, according to The Detroit Bureau. But Toyota still faces a separate series of lawsuits from those who claim to have been injured by runaway vehicles.

The proposed settlement specifically covers lawsuits filed by owners who alleged that the value of their cars, trucks and crossovers had plummeted substantially as a result of the crisis triggered by a series of revelations and recalls that eventually involved more than 14 million Toyota products worldwide.

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