ALERT: Toyota agrees to settle U.S. unintended acceleration claims for $1.1 billion

BREAKING NEWS ALERT December 26, 2012

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Toyota agrees to settle U.S. unintended acceleration claims for $1.1 billion Millions of vehicles to get brake override sytems; Total costs could total $1.4 billion, lawyers say Philip Nussel and David Phillips Toyota Motor Corp. said today it is setting aside $1.1 billion to settle various lawsuits and other claims in the United States stemming from reports of unintended acceleration that plagued the automaker in 2009-2010. The company has agreed to install new braking override systems in certain vehicles and reimburse owners who suffered economic losses because of the problems, the company said in a statement.  story

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