Report: Toyota reaches $1B settlement over unintended acceleration

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The U.S. Justice Department has reached a $1 billion settlement with Toyota Motor Corp over the automaker's handling of consumer complaints tied to unintended vehicle acceleration and is set to announce the agreement as early as Wednesday, CNN reported. Sources familiar with the deal told CNN that Toyota was expected to avoid criminal charges. The U.S. Attorney's Office in Manhattan has been probing allegations the Japanese company misled U.S. authorities after the complaints about the unintended acceleration emerged. The acceleration issue prompted Toyota to recall millions of vehicles beginning in 2009.




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