Washington -defective Toyota cars get refund, related to gas pedal. Amount of money will be paid to consumers as compensation of Toyota for losses that arise related to the possibility of defective Toyota cars. Although it does not include the payment of compensation for death or injury claims.
Approximately 16 million units of Toyota, Lexus and Scion sold in the U.S. during 1998 to 2010 in the policy. Including the best-selling cars of Toyota Camry and Corolla.
Toyota, which is the third largest car manufacturer in the U.S. to admit no guilt in this case.
"It's a tough decision, especially after the introduction of reliable scientific evidence, which demonstrated the safety of our gas pedal system. Nevertheless, we conclude that this move is a positive step that we do and is the best for the company, employees, dealers and consumers, "said Toyota Motor Sales General Counsel Christopher Reynolds.
Toyota released the funds already paid exceeds the other automotive manufacturer in the case law.
Previous Bridgestone to pay Ford valued at U.S. $ 240 million due to a massive recall of Bridgestone tires on Ford cars in 2001. Ford then had to replace 13 million tires.
Remember the case of the gas pedal in the U.S. Toyota makes cars they drove themselves out of control? The latest news Toyota finally agreed to pay $ 1.1 billion to resolve the issue.
Reported by Reuters, Toyota wanted to resolve the security crisis as soon as possible.
Step Toyota was immediately positive response community. At least visible of the value of the shares of Toyota rose 3 percent immediately following the emergence of the news.
With the move, investors see no more uncertainty that had haunted Toyota. Moreover, Toyota car sales in the U.S. began to improve.
