Toyota to Settle Unintended Acceleration Lawsuit
Toyota Motor Corp. will ante up a $1.1 billion settlement in hopes of putting in its rearview mirror a massive class-action lawsuit over unintended acceleration claims that led the company to recall millions of its vehicles and hurt the brand’s reputation for quality. The proposed settlement was filed earlier this week in federal court in California and awaits approval by U.S. District Court Judge James Selna, who is overseeing the case. Reuters reports that the deal will settle most of the