Following news that Toyota has proposed a massive settlement to address the owners of vehicles effected by the unintended acceleration recall, shares for the automaker are up 2.6 percent. Over the course of this year, Toyota's stock has jumped 51.7 percent.

"My initiate reaction would be 'that's it'... $1 billion charge that covers recalls and everything else and you are looking at a $250 million compensation fund, that's nothing," said a senior trader at a foreign brokerage to Automotive News. This settlement has been set aside to cover class-action lawsuits from 16 million owners of Toyota, Lexus and Scion vehicles and is separate from other impending lawsuits – including one consumer protection suit in California and another unfair-business-practices case brought on by 28 attorneys general.

In other positive news for investors, the Japanese yen has weakened compared to the US dollar. That likely means improved financial performance from the big Japanese automakers, the largest of which is Toyota.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago

    Get recall details from the NHTSA and find out what to do if your car been recalled.

    2016 Toyota Highlander
    MSRP: $29,990 - $44,490
    2016 Toyota 4Runner
    MSRP: $33,510 - $43,860
    2016 Toyota Tundra
    MSRP: $28,640 - $49,080
    2016 Toyota Tacoma
    MSRP: $23,300 - $37,820
    2015 Toyota Tacoma
    MSRP: $20,965 - $36,635
    Share This Photo X