1/20/13

Toyota payment for the electronic security systems


DETROIT - Toyota as biggest carmaker by sales number three in the U.S., said there was no error in the filing of problem solving. Toyota will provide compensation to consumers, whose numbers of  Toyota payment  achieves   USD 1, 1 billion.

"It was a difficult decision, especially when scientific evidence that is reliable and independent evaluation, said there was a problem in the  security systems of electronic gas control," said Christopher Reynolds, general counsel for Toyota Motor Sales, USA.

"However, we conclude and take positive steps in the best interest of the company, its employees, dealers, and of course to all our customers," said Reynolds.

This decision affected both Toyota shares were up nearly three percent in Tokyo. Investors said Toyota has taken the best step that can be a positive impact on sales in the United States.


Toyota Motor Corp. agreed to pay compensation sebsar USD1, 1 billion, to resolve the case of the gas pedal in the United States.

Toyota faces class action in the U.S., after millions of units of vehicles experiencing problems with the gas pedal, so the speed of the car increases by mistake by the driver. Japanese giant manufacturer is trying to answer the charge of vehicle safety issues in the history.

As quoted by Reuters, Toyota will solve this case by providing compensation to consumers. Compensation is to replace the economic loss associated with defects in Toyota vehicles.

At least 16 million vehicles Toyota, Lexus and Scion sold in the United States covering model years 1998-2010, affected by this problem. Including one of the best-selling Camry  and Corolla sedan.