Toyota is now one step closer to putting its unintended acceleration woes behind it as it has received approval from the US District Court for the Central District of California to settle loss-of-value claims to vehicles associated with the 2009-2010 recalls.

As we reported back in May, the Toyota settlement is worth $1.63 billion, which, according to Bloomberg, includes a payout of $757 million to affected owners, $227 million to attorneys and an additional $875 million for vehicle upgrades. (We did the math, too, and that totals $1.859 billion, but there is no justification for the discrepancy. Fuzzy math, eh?)

Based on the estimated 22.6 million vehicles said to be included in this suit, that would make the average payment about $33.49 per vehicle, but the article says that owners, lessees and even renters will receive varying amounts ranging from $9.74 up to as much as $10,000. This settlement does not affect suits filed for personal injury or wrongful death.


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  • 58 Comments
      Anonymous Howard
      • 1 Year Ago
      Average payout of $33.49 with the lowest payout at $9.74? Looks like the lawyers win again.
      Randy
      • 1 Year Ago
      $35 for car owners. Hundreds of millions for a handful of lawyers. Hardly worth it for car owners. If I were a Toyota owner with unintended acceleration issues or whatever, I'd be upset.
        VL00
        • 1 Year Ago
        @Randy
        You'd also be a unicorn living in Atlantis, just like the imaginary unintended acceleration cases.
      joe shmoe
      • 1 Year Ago
      Attorneys love this. They made out like bandits. $227 million for HOW MANY ATTORNEYS??
      bK
      • 1 Year Ago
      Dunky Donuts
      Adrian Hosein
      • 1 Year Ago
      Proof that Americans are idiots, nowhere else in the world would u see this kind of crap happening.
      Myself
      • 1 Year Ago
      Basically, it's a tax imposed on Toyota by a concentrated campaign on every possible Media and Social network. There was not a single car that accelerated by its own will - there was always human factor of the owner/driver involved.
        normc32
        • 1 Year Ago
        @Myself
        Toyota lied, owners died.
        comintheusa
        • 1 Year Ago
        @Myself
        Bold claim - prove it.
        • 1 Year Ago
        @Myself
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          Myself
          • 1 Year Ago
          I think it's safe to say you've lived in a cave for the past few years. And your pal comintheusa too. See, otherwise you'd be privvy to news outside Fox or your parish newsletter.
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      judi
      • 1 Year Ago
      This makes me soooo crazy. I bought a 2011 Corolla in September. Immediately I started feeling this stall feeling or like a little stop or break in the speed. I kept telling people and the guy that sold it to me at Toyota drove and said no don't feel a thing even my roommate. Finally coming home on freeway one afternoon, thank God, not night, it just stalled out and I made it to Emergency Lane. All the engine lights came on scared me too death. Was going about 65 on freeway. Took to Toyota and after 5 hours sitting waiting, they said the diagnostic code showed nothing...$99 though to check. and AND they fixed the bolt on my license plate which had broken off...I mentioned oh by the way.....thought they'd just take it out and put new one. NO $110 because they had to drill in to get bolt out and replace. Seriously! Took to Independant Toyota dealer saw on line with great reviews. They were incredible..made appt, got their on time they called me in one hour. Gave me an announcment release that came out telling all dealers they had found a problem with 2011 Corollas " Momentary RPM decrease above 40 MPH". Really? Like the dealer/service didn't know this. I am so tired of going in there and being danced around in their game. This guy also said alot of mechanics are on commission to find something wrong to fix..$100 is goal. I am soooo naive obviously. What to do? Its making me crazy and I was stupid enough to buy the extended warranty and Platinum Protection. dah
        upx42
        • 1 Year Ago
        @judi
        It's too easy for any mechanic to con most people. Sadly, a significant percentage do just that. Judi, the only thing I might have done differently was to ask for an estimate before they do ANY work -- like for that license plate bolt. Then go to YELP, Google, BBB and/or some other review sites and tell your story. People/companies are less likely to change when there are no consequences.
        m_2012
        • 1 Year Ago
        @judi
        Most states REQUIRE a WRITTEN, signed estimate before any repair over $20. All dealers are independent, franchised dealers, protected by the dealers association.
      nassau
      • 1 Year Ago
      "Old incompetent American drivers" rejoice it wasn't you after all. Toyota was, and is, the problem, not you.
      blasds78
      • 1 Year Ago
      That's a lot of money paid for people stuffing two floor mats under their accelerator. This is why cars are increasingly dull (not just Toyotas, Toyota bashers - ALL cars). Manufacturers have to design for the lowest common denominator.
      • 1 Year Ago
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        Walt
        • 1 Year Ago
        Any large volume manufacturer is going to have charges made against it of unintended acceleration. But unlike Toyota, whose black box recorders can only be read by Toyota at only a few locations in the U.S., Ford's black boxes can be read at the dealer level to determine if there was pedal misapplication. That's why the suit against Ford isn't for unintended acceleration specifically, but rather seeks to have older vehicles fitted with a brake override system and for compensation for loss of value. Toyota's unintended acceleration was linked to two very specific items, namely unsecured floor mats and sticky accelerators. When specific vehicle defects cause accidents and death, that's when a manufacturer gets grilled in the media and loses their quality reputation - a reputation that was built on hiding defects in the first place.
          Walt
          • 1 Year Ago
          @Walt
          http://blogs.wsj.com/law/2010/02/16/will-toyotas-black-boxes-prove-fruitful-for-plaintiffs-lawyers/ Toyota, the queen of hide and deny, made sure no one would ever see their vehicle faults.
          Walt
          • 1 Year Ago
          @Walt
          NHTSA gets data AFTER Toyota looks at (and scrubs) the data because they are the only ones who can retrieve the data. How convenient. Anyone can look at Ford's event data recorders. See the difference? Probably not. In any event Toyota has been tried and found guilty of sudden acceleration and agreed to fines. Filing in court against Ford means nothing, as anyone can file anything. Regardless, Ford will be found not guilty. But by all means, keep trying to scrub Toyota's image. It won't work. They have now become "just another auto manufacturer" with all the foils and foibles of any other auto manufacturer.
          • 1 Year Ago
          @Walt
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          @Walt
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          @Walt
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      Robert Fahey
      • 1 Year Ago
      Recipe for a lawyer payday in the USA: High profile accident PR poisoning by lawyers and their "safety advocates." Product recalls perceived as related Government intervention Hypochondriac public Real-world defect purely optional.
      Kuro Houou
      • 1 Year Ago
      227 million to lawyers!!! It's sad lawyers can get away with robbery, but I guess when you make the laws you make them to make sure you always have a job and get paid a $hit load!
        ZOZ
        • 1 Year Ago
        @Kuro Houou
        Not only the lawyers, the doctors also get with robbery all the times.
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