Toyota agrees to settle acceleration cases for over $1 bln

Newswire

Dec 26 (Reuters) - Toyota Motor Corp has agreed to pay more than $1 billion to settle U.S. litigation over claims that its vehicles suddenly and unintentionally accelerated, according to court filings made public on Wednesday. The deal, which must be approved by a California federal judge, includes direct payments to customers as well as the installation of a brake override system in about 3.25 million vehicles, plaintiff attorneys said. The terms include a $250 ...

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