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Toyota was also forced to pay a total of $66.2 million in fines to the Department of Transportation for failing to handle recalls properly and $25.5 million to Toyota shareholders whose stock lost value due to recalls. Nearly 400 wrongful-death and personal injury cases were also privately settled by Toyota as a result of unintended acceleration.
Toyota is not the only automobile manufacturer that has issued recalls for unintended acceleration problems. In December 2009, Consumer Reports analyzed 2008 model year NHTSA data for sudden acceleration among Toyota, Ford, Chrysler, GM, Honda, and Nissan, finding 52 complaints involving Toyota vehicles or 41% of complaints among these makes ...
On the same day Toyota Motor (TM) officials sought to debunk the theory that its cars' electronics were the source of their sudden unintended acceleration problems, the driver of a Toyota Prius ...
Toyota Motor (TM) has long blamed motorists for some incidents of unintended acceleration in Toyota and Lexus brand vehicles. The world's largest automaker has reiterated that charge, which it ...
Toyota Motor (TM) may be gaining ground in repairing the 8 million vehicles it recalled for unintended acceleration problems, but it still faces a legal battle in the form of a class-action ...
Toyota Motor Corp. will have to face lawsuits over deaths and personal injuries caused by allegations that its vehicles have an engineering defect that leads to unintended acceleration, so says a ...
Some consumer psychology experts have raised an interesting point about the recent spate of uncontrolled acceleration issues reported in Toyota (TM) vehicles: When people constantly hear about ...
Embattled Toyota Motor (TM) is recalling nearly 2.2 million more cars to fix problems related to floor mats that can trap accelerator pedals and cause vehicles to accelerate uncontrollably.