1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Toyota News - How Will Class Action Lawsuit Affect Prius and Camry Owners?

Any Oregon resident who owns a Toyota Prius has been following Toyota news with anticipation over the last two years as stories have been released about Prius owners who were involved in car accidents due to problems accelerator problems.

 
PRLog - Dec. 28, 2012 - REDMOND, Ore. -- Any Oregon resident who owns a Toyota Prius has been following Toyota news with anticipation over the last two years as stories have been released about Prius owners who were involved in car accidents due to the accelerator in their Prius Hybrid and other Toyota models getting stuck to the floor mats of their cars.

This week Toyota reluctantly agreed to pay over $1 billion dollars in their efforts to resolve a huge class action lawsuit by owners of Priuses and other Toyota vehicles who claim to have suffered pain, suffering and economic loss due to their vehicles accelerating without their control or consent.

What Will Toyota Do Now?

Thanks to the resolution of the class action lawsuit Toyota has agreed to install a new system that will override the brake, in Priuses, Camry’s and other Toyota vehicles that have had their accelerators stick to their floor mats, while being driven, without their owners intention.

Toyota is also going to take their efforts a step further, to make things right with Toyota owners, who suffered economic losses or reduction in the value of their vehicle, by setting up a fund, with the value of $250 million dollars that will compensate those owners for loss of value to their vehicles due to negative publicity.

How Many Toyota Owners Affected?

Speculation has run rampant online as to how many Toyota owners have been affected due to the faulty accelerators in their Toyota vehicles but many industry experts estimate that up to 20 million people could have been affected.

Toyota’s Still Safe?

In spite of the negative publicity that Toyota has received over the last two years the car maker has rebounded from the negative publicity by fixing defects in their vehicles; these changes have enabled Toyota to have a big year in 2012 and they expect an even bigger year in 2013 as positive economic forecasts show that there will be more people planning on buying, trading in for or leasing new vehicles.

To learn more about what it will cost to insure a new Toyota vehicle, contact the Farnsworth Agency today by calling (541) 318-8835.

--- End ---

Click to Share

Contact Email:
***@easymoneyfromhome101.com Email Verified
Source:Turn Around Enterprises
Phone:5038947496
Zip:97756
Location:Redmond - Oregon - United States
Industry:Insurance
Tags:toyota lawsuit, toyota, toyota news, toyota camry, toyota cars
Shortcut:prlog.org/12050045
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share