Toyota to settle acceleration cases for up to US$1.4b

Toyota Motor has agreed to pay as much as US$1.4 billion to settle US litigation claims that its vehicles suddenly and unintentionally accelerated, according to court filings made public on Wednesday.

Toyota said it will take a one-time pre-tax charge of US$1.1 billion to cover the estimated costs of the settlement.

via Business feed http://www.scmp.com/business/companies/article/1113366/toyota-settle-acceleration-cases-us14b