Tenn. part of $29M agreement with Toyota

Tenn. part of $29M agreement with Toyota over allegations company concealed safety issues

RELATED QUOTES

SymbolPriceChange
TOMA.SG100.290.58
TM120.42-4.24

NASHVILLE, Tenn. (AP) -- Tennessee has joined 29 other states in a $29 million agreement with Toyota Motor Corp. over allegations the company concealed safety issues related to unintended acceleration.

The agreement was filed on Thursday in Knox County Chancery Court and is pending court approval.

In a complaint filed along with the agreement, the states allege Toyota engaged in unfair and deceptive practices when it failed to timely disclose known safety defects with accelerator pedals.

State officials say Tennessee will receive about $700,000 as part of the agreement to resolve consumer protection claims.

Toyota has also agreed to provide improved communication with consumers if other potential safety concerns arise.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options