Toyota agrees to settle U.S. oil sludge claims


DETROIT, Jan 30 (Reuters) - Toyota Motor Corp. has agreed to settle a class action lawsuit that claimed oil sludge build-up damaged the engines of some Toyota and Lexus vehicles sold in the United States. The settlement is the latest setback for the Japanese automaker, which has seen rapid growth in the U.S. market mainly because of its reputation for offering safe and reliable vehicles. The company saw sales rise 13 percent last year, but has been hit by quality problems and vehicle ...

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