Toyota sets aside $1.1 billion to settle unintended acceleration suits: Autoweek TV

HOME   |   CAR NEWS   |   CAR REVIEWS   |   RACING   |   AUTO SHOWS   |   VIDEOS   |   COLLECTOR   |   SUBSCRIBE Thursday, December 27, 2012                  Toyota will extend warranties and install brake override systems on certain vehicles in response to unintended acceleration lawsuits. The Japanese automaker may also cover economic losses of owners who sold their vehicles at a discount. Toyota sets aside $1.1 billion to settle unintended acceleration suits: Autoweek TV 12/27/12, 4:01 pm et Also in this episode: Ford faces a federal fuel economy lawsuit, and the Renault Alpine will become a reality within three years. TRANSCRIPT -- Toyota wants to settle a bunch of lawsuits. -- Meanwhile, lawyers take aim at Ford. -- And Renault's sports car is due in 2015. I'm Natalie, serving up a fresh Thursday edition of Autoweek TV -- no leftovers here. Let's get to the news: Toyota is setting aside $1.1 billion to settle several lawsuits and other claims of unintended acceleration. Toyota battled that crisis in 2009 and 2010. Toyota has also agreed to install new brake override systems in some vehicles, and it will reimburse owners who suffered economic losses because of the problems. Up to 16 million vehicles are covered by the... CLICK HERE TO UNSUBSCRIBE or to sign up for other Autoweek e-mail products. IMPORTANT: Please add Autoweek.com to your E-mail Address Book to ensure you will continue to receive our newsletters. Please DO NOT reply to this e-mail. You will not receive a reply if you use this e-mail address. Crain Communications, 1155 Gratiot Ave. Detroit, MI 48207.