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Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

November 13, 2016 by · Leave a Comment 

(Reuters) – Toyota Motor Corp has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court papers. The proposed settlement covers about 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs alleged to have received inadequate rust protection that…

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Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion