• Dec 26th 2012 at 5:30PM
  • 446
The Toyota settlement is the largest in U.S. history in... The Toyota settlement is the largest in U.S. history involving automobile defects (Credit: Toyota).
LOS ANGELES -- Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles.

The company said in a statement that the deal will resolve cases involving motorists who said the value of their vehicles was adversely affected by previous recalls stemming from sudden acceleration problems.

Lawyer Steve Berman, a plaintiffs' attorney, said the settlement is the largest settlement in U.S. history involving automobile defects.

"We kept fighting and fighting and we secured what we think was a good settlement given the risks of this litigation," Berman told The Associated Press.

The proposed deal was filed Wednesday and must receive the approval of a federal judge.

As part of the settlement, Toyota said it will offer cash payments to eligible customers who sold or turned in their leased vehicles between September 2009 and December 2010.

The Japanese automaker also will launch a program to provide supplemental warranty coverage for certain vehicle components, and it will retrofit additional non-hybrid vehicle models that are subject to a floor mat recall with a free brake override system.

The settlement would also establish additional driver education programs and fund new research into advanced safety technologies.

"In keeping with our core principles, we have structured this agreement in ways that work to put our customers first and demonstrate that they can count on Toyota to stand behind our vehicles," said Christopher Reynolds, Toyota vice president and general counsel.

Toyota has recalled more than 14 million vehicles worldwide due to acceleration problems in several models and brake defects with the Prius hybrid. Toyota has blamed driver error, faulty floor mats and sticky accelerator pedals for the unintended acceleration.


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  • 446 Comments
      stvhndyman
      • 2 Years Ago
      How much of that $ 1B. are the lawyers getting?
        dan
        • 2 Years Ago
        @stvhndyman
        Most of it, you can be sure.
      ezstriper
      • 2 Years Ago
      they are still blowing smoke up everybody's rear and blaming floor mats !!! yea right !!!! thats why they recalled millions to redo pedal assemblys..and some still had the same issue after the repair !!!! they spent more $$$ at first to cover it up with payoff's than did on a fix !!!!!
      frank1946
      • 2 Years Ago
      OK, now how about a counter claim against the USA Media sources on this fraud ? Cars were actually OK, so loss is a damage and a counterclaim for Toyota ?
        delstv
        • 2 Years Ago
        @frank1946
        Cars were NOT OK. Recall fixed them, but didn't fix the dead....
          Will
          • 2 Years Ago
          @delstv
          You have no idea what you are talking about. The recall was for floor mat interference with the gas pedal. The pedal itself was not flawed. The brake over ride system was installed as a bonus while getting the gas pedal modified. There are alot of dead beats looking for a reason to sue, "wrecked your Toyota? Tell them the gas pedal got stuck.". Nice try. But a great way to increase Gov Motors stock.
      wayb262
      • 2 Years Ago
      rember pearl harbor me love you long time saior boy
      smurfquarterly
      • 2 Years Ago
      But brainwashed American sheople will continue to swear by and consume Japanese junk ! I made a good living at aToyota dealership and I know how they're put together. You couldn't GIVE me one !
        nelso53
        • 2 Years Ago
        @smurfquarterly
        Smurf if I may say so myself, you sound old enough to remember the Ford Pinto and the eternal flame that signalled its demise. I have nothing against buying American, but we have all payed our dues with junk American cars. At least Toyots stepped up to the task and doled out adequate compensation for traumatized Americans. Ford spent that much fighting litigation on fiery Pintos and Crown Victorias. Careful which Pandora's box you pry open!!
          smurfquarterly
          • 2 Years Ago
          @nelso53
          Who are you decide what is "adequate compensation" for human lives that could have been saved had Toyota admitted to the malfunction when it was obvious ? Carpet failure ?? You believe that crap ?? As i stated before ,Americans are just SHEOPLE !! Keep eating your Jap products and cursing America,coward .
        bg
        • 2 Years Ago
        @smurfquarterly
        Right-on, smurf! It amazes me how some people think that Jap cars were created in some realm by magical forces that makes them never break down! Toyota DOES make some of the butt-ugliest cars on the planet tho! I'll drive my GM vehicles until I die, thank-you!
        scott8147
        • 2 Years Ago
        @smurfquarterly
        Well, I'm wondering what that says about you. You were willing to work for them and take the money even though you believed it was a crappy product. How many people did you smile at while you were lying?
          smurfquarterly
          • 2 Years Ago
          @scott8147
          I repaired that crap and bellowed about it ! who listened or even cared ? Taking the money you idjits wanted to spend ? hell yeah ,just like the owner !!
      estimatorone
      • 2 Years Ago
      Ok, another car company makes a business decision and settles claims. Does not make the company a bad auto maker. Every major car brand has had recalls from time to time. As these cars become more and more complicated, something is bound to break, or not work as planned, sooner or later. I understand that most of this electronic junk is supposed to save money by improving gas milage or saving money in parts. Yet, the cost of these cars go up every year, cost a bundle to fix when they do breakdown, and cost a lot just to meet the required maintenence schedule these cars require. And, although you may save a bit of money initially when you buy the car, foreign cars cost more to repair/maintain then american cars do. So, you are really not saving anything with these computers on wheels. And, like anything else, don't whine about the cost of a car - only buy what you can afford.
      Dale
      • 2 Years Ago
      Serves em right for making JUNK! Buy American,,,, the "fiscal cliff" you save may be your own! Ford, Chevy, Dodge,,,,, I don't care which. December 7th,,1941!
        Nate
        • 2 Years Ago
        @Dale
        Toyota Camry's are actually the most american made car on the road. Most of them are made in Georgetown, KY.
          kazz23
          • 2 Years Ago
          @Nate
          Everyone who has an older Toyota in great running condition has a Camry. Talk about reliable.
          Dale
          • 2 Years Ago
          @Nate
          Well Nate,,,, maybe you can tell me where the Toyota "profit" goes? No matter where it was built! If those toyota workers were smart... they would still have Union jobs at American plants.
          grtsch6134
          • 2 Years Ago
          @Nate
          .......and that's designed to make people who can't think for them selves say it........ GM is headquartered in america--if GM prevails and succeeds in america, who most benefits? who most benefits if toyota does well in america? (HINT).........is there a coincidence that when america's economy began to falter--so did GM? (SECOND HINT)........how many divisions of american companies have we lost in the last few years--as toyota's shares have increased of the american car "pie"--let's see--there's oldsmobile, pontiac, saturn, pontiac, hummer, plymouth--and checker.........
      Danny
      • 2 Years Ago
      I wonder just how much money the "tort" atttorneys received from this settlement?????????
      • 2 Years Ago
      Japanese cars are great...Efficient, dependable and comfortable..German cars are expensive, stiff and very expensive to work on...(ask any Mercedes owner)...They all complain about it...The Japanese cars have made the American automakers develop a better cars--and that is a plus..My last American car was a Cadilliac..It was a piece of crap. Way too many problems, including the headliner falling down in the first six months..People say buy American and I am all for that, but almost all the American cars are built outside the U.S. Many Japanese cars are built here...Go figure!! I guess that explains "GLOBAL ECONOMY"...
        Pierre
        • 2 Years Ago
        I read somewhere 63% of all Japanese cars are made in the USA. As a matter of fact, I know someone who works at the Accounts Payable department at Toyota in New York City and she says 90 percents of the parts are purchased from US suppliers (including the defective gas pedals). The TRULY imported cars do not have the problem. The next time anyone shop for a new car, DO LOOK AT the window stickers on each car, they HAVE to tell you where the car (and the parts) is made. Yes, MOST American cars are assembled in the US (or Canada) with parts from Canada, USA and Mexico.
      GOPUDDLES
      • 2 Years Ago
      I think they should stop toyota sales in this country!
      jmstrdvnt
      • 2 Years Ago
      I drive a Toyota Camry made in Ohio by Americans...We live in a global economic community...Profits are part of this global economy...While "The Big Three" are now producing some excellent cars that are very stylish, Toyota has served me well for many years running...My other car is also in the top 5; a 2004 Honda Pilot...I believe in "Buying American"!... The Toyota Camry, built in Kentucky, was ranked the most American vehicle sold today, with the Michigan-built Ford F-150 coming in as the second-most American vehicle. The Honda Accord, Toyota Sienna and Honda Pilot round out the top five. And yes, all of these models are available in red, white or blue. Cars.com's criteria for selecting the most American vehicle includes sales volume, percentage of American sourced parts and where the vehicle is assembled. Vehicles must have at least 75 percent domestic parts to even qualify for the list, which kept the F-150 off last year.
        bkoster2
        • 2 Years Ago
        @jmstrdvnt
        You're confusing everyone saying your Camry was built in Ohio in the first paragraph. In the 2nd paragraph you say the Camry is built in Kentucky. You might want to clarify your statement...then curb your enthusiasm just a bit.
          • 2 Years Ago
          @bkoster2
          Toyota Camry's are built in Georgetown, Kentucky with pride by Americans.
        capenv
        • 2 Years Ago
        @jmstrdvnt
        You talk about percentage of domestic parts to be classified as "American made" but you're not addressing where the profits from all the domestic made Jap cars go. The profits go overseas to Japan strengthening the Japanese economy while the American economy weakens from the loss of American dollars.
        • 2 Years Ago
        @jmstrdvnt
        You would be writting and speaking Japenese if it weren't for Chryler, Ford, GM and all of the American manufactures of the 40's
      joynerz
      • 2 Years Ago
      I just transported (drove) a luxury edition Honda Accord to another dealership about 5 hours away and the driver's seat was so hard and unforgiving that my legs got numb.
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