Cheap Auto Quote, Toyota pays $3.4 billion in class-action suit over rusty truck frames
According to Reuters, Toyota has reached a settlement in a class action lawsuit involving owners of various Toyota trucks with severe frame rust. The settlement is for $3.4 billion and will pay for inspecting and replacing frames on affected trucks. It also allows Toyota to avoid admitting any wrongdoing. In total, this settlement could include 1.5 million 2005-2010 Toyota Tacomas, 2005-2008 Sequoias, and 2007-2008 Tundras. Reuters reports that vehicles are eligible up to 12 years to the day that they were sold. The Wall Street Journal reports that Toyota will reach out to owners via mail, notices to publications, and internet methods.