Toyota has agreed to pay a $US 1.2 billion settlement after admitting that it misled American consumers and hid safety issues involved in a minimum of five deaths.
According to Bloomberg, over 10 million vehicles were recalled in 2009 and 2010 over
unintended acceleration in vehicles.
issues had been known of since 2007, and an investigation be US authorities
began in 2009, the ABC reports. They affected Lexus and other vehicles.
country’s attorney-general Eric Holder said Toyota, “Showed blatant
disregard for systems and laws designed to look after the safety of consumers...
"Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to members of Congress.
CNN Money notes
that the settlement amount is the biggest a car maker has already paid in the