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Toyota Settles With Consumers Over Acceleration Issue

By: WROC-TV
Updated: December 28, 2012
Toyota has settled with car owners over unintended acceleration issues in 2009 and 2010.

The automaker has agreed to pay more than $1 billion to install new safety features and compensate owners. Drivers sued Toyota because floor mats were getting stuck, causing their vehicles to accelerate. Under the agreement, Toyota will install a brake-override system. The company will also set up a fund a $250 million to compensate former Toyota owners who sold their cars at a reduced value because of the negative publicity. 

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