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Class Members File Objections To $ 1,6 Billion Toyota Lawsuit Settlement

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Class Members File Objections To $ 1,6 Billion Toyota Lawsuit Settlement

The protracted Toyota class action lawsuit charging Toyota vehicles suddenly accelerated is again in the spotlight as a final approval which should be granted by a federal judge is scheduled for the next month. Class members are objecting to $1,6 billion Toyota lawsuit settlement proposed by automaker to cover consumers` economic damages.

Objections are raised against some aspects of the deal, in particular, $30 million proposed to will be allocated to independent academic institutions for conducting research ...

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Japanese Automaker`s Revival Gains Energy after a Series of Toyota Recalls

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Japanese Automaker`s Revival Gains Energy after a Series of Toyota Recalls

As a weakening yen, better sales and cutting cost contribute to Toyota’s bottom line, their quarterly profits more than doubled to $313.9 billion yen or $3.2 billion USD leading to a momentous comeback after series of Toyota recalls.

Toyota Motor Corp recouped the title of world’s top-selling automaker last year, on Wednesday said it expects the strong results to continue in its new business year that ends March 2014. It estimated a 1.37 trillion yen ($13.8 billion) ...

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Family Levels Accusations against Japanese Automaker soon after Toyota Lawsuit Settlement

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Family Levels Accusations against Japanese Automaker soon after Toyota Lawsuit Settlement

A family which has slammed into a building on their Toyota Camry levels accusations against Japanese automaker soon after Toyota lawsuit settlement.

Toyota Camry accelerated on its own and run into the side of an apartment building. A 7-year-old was injured in the accident. The vehicle owner Clarence Jackson stated that it had not been the first time the vehicle accelerated without hitting the acceleration pedal and claimed that Toyota had to replace the car.

According ...

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Orange County to Get $16 Million in Toyota Lawsuit Settlement

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Orange County to Get $16 Million in Toyota Lawsuit Settlement

Toyota Motor Corp and Orange Country prosecutors announced a $16 million Toyota lawsuit settlement over a series of Toyota vehicle recalls due to unintended acceleration and braking issues. The lawsuit was one of hundreds of cases filed against Japanese automaker after recall of more than 14 vehicles in 2009-2010. Many of them are still to be heard or settled.

In Orange County`s suit District Attorney Tony Rackauckas claimed deceptive business practices alleging Japanese automaker of concealing safety ...

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After a Series of Toyota Recalls Japanese Automaker on Top for Fifth Straight Quarter

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After a Series of Toyota Recalls Japanese Automaker on Top for Fifth Straight Quarter

For the fifth straight quarter, Japanese automaker recovering after a series of Toyota recalls has outsold GM and Volkswagen AG. As the yen depreciates, worldwide sales at Toyota reached 2.43 million units in the period of January to March surpassing all automakers. In the same period, GM’s sales were at 2.36 and the VW units were at 2.27.

Toyota has been prophetic since December saying sales would climb to ten million vehicles. No automaker has ever reached this ...

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Soon after Toyota Lawsuit Settlement Automaker Announces New Auto Recall

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Soon after Toyota Lawsuit Settlement Automaker Announces New Auto Recall

One of the biggest Japanese automakers soon after Toyota lawsuit settlement has joined Honda, Nissan and Mazda in new vehicle recalls. More than 3 million vehicles sold around the world are recalled due to faulty airbags. Airbags supplied by Japanese safety-gear producer, the world second largest supplier of seatbelts and airbags, Takata Corp. are at risk of fire starting or injuring passengers by metal and plastic fragments shooting up.

Toyota is recalling about 1,4 million vehicles (490,000 ...

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Alabama to Get Part of $29 million Toyota lawsuit settlement.

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Alabama to Get Part of $29 million Toyota lawsuit settlement.

Alabama is due to receive $642,000 in multi-state Toyota lawsuit settlement over safety issues, announced state Attorney General Luther Strange.

Alabama and 29 other states (Arizona, Arkansas, Colorado Connecticut, Florida, Illinois, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, Nevada, New Jerset, New Mexico, North Carolina, Ohia, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virgina, Washington and Wisconsin.) and American Samoa reached a settlement with Toyota Motor Corp. and its related North American affiliates over allegations that ...

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Wisconsin Joins Toyota Lawsuit Settlement

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Wisconsin Joins Toyota Lawsuit Settlement

Wisconsin will get $674,000 as part of Toyota lawsuit settlement, announced state Attorney General J.B. Van Hollen.

After a series of recalls related to unintended acceleration National Highway Traffic Safety Administration (NHTSA) launched investigation. As a result of investigation it was proven that floor mat entrapment causing pedal stick and driver error are the factors provoking sudden acceleration in Toyota vehicles.

Representatives of 29 states and American Samoa accused Toyota Motor Corp. in misleading the public ...

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Nevada to Get Its Portion in Toyota Lawsuit Settlement

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Nevada to Get Its Portion in Toyota Lawsuit Settlement

Multi-state settlement over unintended acceleration problem was reached by Toyota Motor Corp. and 29 states. Under Toyota lawsuit settlement the Japanese automaker is obliged to pay $29 million to the consumers in 29 states and American Samoa. “This issue is resolved the way that benefits our customers”, said company`s general counsel Christopher Reynolds.

Nevada will get its portion in Toyota lawsuit settlement amounted $29 million. Under the settlement Nevada will get $1,4 million, announced state Attorney General ...

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Connecticut Due to Collect $1,4 Million in Nationwide Toyota Lawsuit Settlement

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Connecticut Due to Collect $1,4 Million in Nationwide Toyota Lawsuit Settlement

Connecticut is due to get $1,4 million in a $29 million Toyota lawsuit settlement reached between Toyota Motors Corp. and 29 U.S. states. Consumers of this states in a nationwide action against Japanese automaker accused the latter in concealing safety issue related to unintended acceleration on certain vehicles, including Toyota Camry, Tacoma, Tundra, Prius hybrid and Lexus models.

Connecticut was including in executive committee consisting of 9 states representatives that launched investigation over unintended acceleration issues. The ...

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