Toyota Motor Corp. settles a lawsuit brought by the state of California over faulty emission control systems for $7.9 million. In 1998, the California Air Resources Board (CARB) ordered a recall of 330,000 ’96-’98 model Toyota and Lexus vehicles due to possible problems with emission control systems. Toyota, which denies any wrongdoing, says CARB was using new standards that were instituted after the system’s design was approved in 1995. The settlement includes a $4.3 million payment by ...
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