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March 20, 2014

Toyota Settles Sudden Acceleration Probe

On Wednesday, Toyota agreed to pay $1.2 billion to settle an investigation by the Department of Justice into its disclosure of unintended acceleration claims. As part of the deferred prosecution agreement, the company admitted it made misleading statements to the NHTSA but made no mention of defects in its vehicles.

The settlement could offer a template for other probes, particularly in regards to General Motor’s recent recall of 1.6 million vehicles, says the Washington Post. Attorney General Eric Holder, while not referencing GM by name, said the Toyota investigation was “not necessarily the only time we will use this approach.”

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