Toyota Settles Pickup Frame Rust Lawsuit for $3.4 Billion
Posted by Mark Williams | November 15, 2016Toyota has settled a class-action suit brought by owners of pickup trucks and SUVs whose frames could rust through.Covering about 1.5 million vehicles and costing Toyota up to $3.4 billion, the out-of-court settlement resolves an issue that's been going on since 2000.According to Automotive News (subscription required), the settlement includes model-year 2005-10 Tacoma mid-size pickup trucks, model-year 2007-08 Tundra full-size pickups and 2005-08 Sequoia SUVs (which used a modified Tundra frame) that allegedly received inadequate rust protection that could lead to serious frame damage from corrosive road salt and other snow-melting solutions.
Toyota agrees to $3.4 billion settlement in rusted trucks lawsuit
DETROIT - Toyota Motor Corp. has agreed to settle a class-action lawsuit in the U.S. that alleges the frames could rust through on some 1.5 million trucks from the 2005-2010 model years, Reuters reports.The settlement estimates the total cost to replace the trucks' frames at $3.375 billion.Toyota has admitted no liability or wrongdoing in the proposed settlement, which was filed Wednesday in U.S. District Court in Los Angeles.
Toyota Settles Truck Frame Rust Lawsuit for $3.4 Billion
Car company Toyota has agreed to settle a class action lawsuit involving premature frame rust on some of its trucks for up to $3.4 billion, which it expects to cover repairs to 1.5 million vehicles.The suit was brought by owners of 2007-2008 Toyota Tundra and 2005-2010 Tacoma pickup trucks as well as 2005-2008 Sequoia SUVs who say the frame rust protection on the vehicles was not sufficient to prevent them from rusting, according to AutoWeek.The frame replacements are expected to run about $15,000 each for a total of $3.375 billion, and the inspections will add $90 million to the total, lawyers for the truck owners say.