What is the Impact of Toyota’s $1.1 Billion Settlement?
Toyota Motor (NYSE:TM) and lawyers suing the company were given additional time for the final approval of a $1.1 billion pretax settlement related to unintended acceleration. The additional time will...
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Toyota Fatality Trial: Day 1
On Thursday, Toyota (NYSE:TM) went before a jury for the first time regarding a death allegedly caused by the unexpected acceleration of one of its cars. The lawsuit, which was filed by the husband...
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Can Toyota Steer Clear of This Wave of Lawsuits?
When Toyota Motor Corp. (NYSE:TM) grappled with an acceleration defect affecting millions of vehicles in 2009, the automaker faced its most troubling time in recent memory. Toyota continues to face...
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As Lawsuits Flood In, Court Rules Toyota Must Pay Up
Toyota Motor (NYSE:TM) is looking at a hefty payment after a jury awarded payment to claims brought back in 2007. According to Bloomberg, the lawsuit was over a defect in a 2005 Camry that led to a...
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Here’s Why Toyota Is Waiting on Scion
Akio Toyoda, head of — you guessed it — Toyota Motor Corp. (NYSE:TM), told Scion dealerships some bad news recently. “We will continue with Scion, but Toyota has limited resources. We need to...
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Toyota Will Practice Damage Control With Acceleration Lawsuits
Faced with nearly 400 personal injury lawsuits stemming from accidents in defective vehicles, Toyota (NYSE:TM) has decided to begin an all-encompassing settlement process in January with hopes of...
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‘Mandatory’ Toyota Recall Confronts Old Problem Overseas
It’s safe to say Toyota (NYSE:TM) can’t wait until it can put to rest the unintended acceleration issue that has plagued so many of the company’s vehicles. Until then, the automaker will continue to...
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Toyota May Settle Criminal Investigation for $1 Billion
Since 2009, Toyota (NYSE:TM) has faced class-action lawsuits, personal injury claims, and further legal scrutiny related to acceleration issues in its automobiles. While making its case to federal...
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Toyota to Pay $1.2B for ‘Shameful’ Recall Actions
In the scope of auto industry recalls, it would be difficult to top the millions of vehicles Toyota (NYSE:TM) had to bring back into the shop as a result of the unintended acceleration issues that led...
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