Posted on Friday, January 18th, 2013 at 2:42 pm
In the first of what may be a long series of similar settlements, Japanese automaker Toyota Motor Corporation has reached a settlement with the families of two individuals who were killed in a crash that may have been caused by sudden unintended acceleration problems associated with a wide range of Toyota vehicles which were recalled throughout 2009-2011. Toyota had previously reached a $1 billion settlement with car-owners who claimed to have suffered losses as a result of the devaluation of their vehicles following the allegations of pedal and floor mat problems, but this is the first case involving a wrongful death claim which Toyota has settled.
The exact terms of the settlement have not been disclosed, and Toyota maintains that no credible scientific evidence exists to indicate that technological or design failures were to blame for the hundreds of reported crashes involving Toyota vehicles. Nevertheless, many are taking the settlement as an indication that Toyota may pursue a similar strategy with many of the other wrongful death suits which have been brought against it so far, although Toyota spokesmen also vowed that the company would take at least some cases to trial in order to defend their product.