Toyota motor corporation said Wednesday, has reached a settlement, worth more than 100 million dollars in the car suddenly accelerated problem.
The company said that the deal will solve the owner of the Toyota said their cars and trucks in the value of the series of recalls from say, Toyota car accelerating accidentally from hundreds of litigation.
The owner of the Toyota's attorney, Steve berman said, in the history of the United States automobiles defect settlement is the biggest.
"We always fight, fight, we made we think this is a very good way to solve the litigation risk," berman told the Associated Press.
Submit the proposed transaction on Wednesday, and must be approved by the United States district court judge James Selna, will review Friday settlement.
Toyota said it will take time, $1.1 billion before tax expenditure on the income of the estimated cost of the settlement. Berman said, the deal worth $for between $1.2 billion and $1.4 billion.
Since 2009, hundreds of lawsuits have been filed Toyota, Japanese car manufacturers began to have received a large number of complaints, refers to the drag their, causing a crash, injury and even death.
The United States district court in Santa Ana, merger, and divided into two categories: economic loss and negligence death. At the request of a claim for compensation for damage and death sudden acceleration is part of the settlement agreement, is scheduled for February verdict and involved in the suit.
The economic losses of part of the settlement, Toyota will provide from the pool of about 250 million dollars in cash payment eligible customers already sales vehicles or close in September 2009 to December 2010 in the leased vehicle.
The company also will launch $250 million plan for 16 million current owner provide supplementary warranty period for some auto parts, the transformation of about 3.2 million vehicle brake priority system. Cover system design, to ensure that the car will stop putting brake, even if the accelerator pedal is pressed on the.
Solution will also establish additional driver education plan and new research funds, advanced security technology.
"Christopher said:" in keeping with our core principles, we this agreement way to work, let our customers, and prove they can rely on Toyota standing in the back of the vehicle structure, Renault, Toyota vice President and general counsel.
Current and former owner of the Toyota is expected to begin in the next few months to get more information and settlement. Some information is also available in http://www.ToyotaELsettlement.com, create a web site by the influence of settlement with the owner of the Toyota.
, "berman said:" we are very proud of how we can represent the interests of the owner of the Toyota, and believe that this settled in its range is comprehensive and fair compensation.
Toyota has recalled more than 140000 vehicles, worldwide, due to the acceleration of a few models of the Prius hybrid (Prius) the brake of the defects. Car makers blamed bad driver, defective mat stuck accelerator pedal problem.
The plaintiff's lawyer spent the past two years to recall Toyota employees, studied thousands of documents and the review of the software code, but the company maintain the lawyers have been unable to prove to be a design defect - namely Toyota electronic throttle control system is responsible for the accident vehicle surges.
The national highway traffic security and NASA can't find any defects, Toyota's source code, can lead to problems.
The company has been fined not timely report beset by problems.
Earlier this month, NHTSA alms a record $17400000 fine Toyota is not quickly report floor mat problem, some lexus cars. Three violations, in 2010, Toyota paid a total of $8.8 million fine.
Last year, President of Toyota Toyota chapter male (Akio Toyoda) in congress, and is committed to strengthening quality control. Latest sales figures show that the company seems to have rebound after the security problems.
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