Toyota could pay $3.4B in class action lawsuit
Japanese automaker Toyota may agree to settle over $3.4 billion after losing in a class action lawsuit in the U.S. filed on behalf of various Toyota vehicle owners who have claimed that their vehicles are prone to corrosion, an article of Autoweek reported on November 14.
Reports said a class action lawsuit filed against Toyota claimed that the previous models of Tundra, Tacoma, and Sequoia vehicles have been manufactured with insufficient “rust protection.” The lawsuit claimed that the overall structure of the affected vehicles have been compromised as it became more susceptible to corrosion. There were reportedly more than 1.5 million vehicles are affected by the problem and it would need approximately $15,000 to repair each vehicle. In addition to the repair cost, $90 million is also being sought from Toyota to cover inspection cost of the affected vehicles.
In the situation that you are considering filing a class action lawsuit, working with a skilled legal team is important since you are going to deal with companies that are supported by intimidating legal counsels. Get in touch with the Williams Hart legal team in Houston today by calling (713) 230-2200 to learn more about your options.