Legal expenses and damages could add billions to Toyota's recall costs, with dozens of suits pending over injuries and deaths and at least 30 seeking class-action status over lost use of vehicles.
http://www.latimes.com/business/la-fi-toyota-liability12-2010feb12,0,579...
Toyota Motor Corp.'s massive recalls for acceleration and braking problems are creating a huge legal liability for the company -- and Toyota owners may share in the pain.
Toyota Motor Corp.
Toyota faces massive legal liability
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Official: State Farm warned NHTSA on Toyota in '07
Official: State Farm warned NHTSA on Toyota in '07
Nick Carey
DETROIT
Mon Feb 8, 2010 5:42pm EST
http://www.reuters.com/article/idUKTRE61751H20100208
DETROIT (Reuters) - Private insurer State Farm informed a government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp as far back as late 2007, an official at the company said.
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Nader Accuses Toyota of ‘Unseemly Coverup' in Vehicle Recalls
©2010 Bloomberg News
By Angela Greiling Keane
Feb. 5 (Bloomberg) -- Toyota Motor Corp. is guilty of an “unseemly coverup” in dealing with reports of dangerous sudden acceleration by some of its vehicles, consumer advocate Ralph Nader said.
http://news.businessweek.com/article.asp?documentKey=1376-KXC7BE07SXKX-5
“Toyota dropped the ball -- too little, too late,” Nader, who founded groups including Public Citizen to push for strong auto-safety regulation, said in an interview yesterday. “It was an unseemly coverup.”
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Experts point throttles, not floor mats, in Toyota incidents
Experts point throttles, not floor mats, in Toyota incidents
Ken Bensinger and Ralph Vartabedian / Los Angeles Times
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Defective Prius Hybrids Spark Owners Lawsuit
http://www.autonews.com/article/20090630/ANA08/906309987/1186/FRONTPAGE
Lawsuit, online complaints come as automaker launches new model
June 30, 2009 - 1:57 pm ET
DETROIT -- Amid the launch of the third-generation Prius hybrid, Toyota Motor Corp. is taking a beating online and in court by owners who charge that some older models of the popular car have faulty headlights that can cost more than $1,000 to replace.
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