Auto news: Lawsuit forces Toyota to pay up to $3.4B – Checklist Mag

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Auto news: Lawsuit forces Toyota to pay up to $3.4B

Toyota car brand is in another type of trouble…

Pending court approval of the deal, Toyota will pay up to $3.4 billion to settle a lawsuit over Tundra, Tacoma, and Sequoia vehicles allegedly afflicted with faulty rust protection. The settlement doesn’t involve Toyota admitting that it failed to adequately protect the affected vehicles from rusting, but does represent what will likely end up being a huge financial blow to the company. As part of the settlement, affected vehicles found to have improper rust protection will be eligible to have their frame replaced.

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