Toyota Settles Record Lawsuit for Over a Billion Dollars

Toyota Motors agreed to pay $1.1 billion to settle a class-action suit by car owners who claimed they suffered economic loss because of unintended acceleration in its cars. This is one of the largest lawsuits of its kind, according to Steve Berman, one of the lead plaintiff lawyers. Under the agreement, Toyota will also install a brake-override system in cars where acceleration pedals got stuck in floor mats, leading them to accelerate unintentionally.

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