Toyota shares up after US settlement seen smaller than expected

Newswire

TOKYO, Dec 27 (Reuters) - Shares of Toyota Motor Corp gained 1.6 percent on Thursday on relief that its proposal to pay $1.1 billion to settle U.S. class-action litigation claims over unintentional acceleration in its vehicles was smaller than expected. Toyota said it would take a one-time pretax charge of $1.1 billion to cover the estimated costs of the settlement, court filings showed, as the carmaker looks to turn the page on the biggest safety crisis in its history. ...

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