- A class action settlement isn't an admission of guilt; it's a means to an end without admitting you're wrong.
- Both the National Highway Traffic Safety Administration and NASA checked in on Toyota models and found nothing to be wrong with them. More or less, they said any unintended acceleration accidents happened because of user error.
Toyota to Stick It to the Man as It Readies $1.63 Billion Unintended Acceleration Class Action Settlement
A settlement of $1.63 billion for Toyota's 2010 "unintended acceleration" fiasco seems unfathomably high, covering 22 million customers who own or owned an "affected" vehicle during the time the cars were said to have had problems. That works out to right around $74 per customer, though. But Toyota isn't parting with this massive lump of money without its own barb in the side of the settlement class, laying aside $30 million for an automobile safety and research fund. That's right, Toyota is subtly saying that it's laying out $30 million so its drivers aren't brain-dead on the road. There are two reasons for this:
With power ratings for the 2014 Chevrolet Silverado and its truckin' cousin, the upscale GMC Sierra, revealed...