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The Wall Street Journal
Toyota may pay $1 billion to settle federal criminal investigation
Toyota may pay $1 billion to settle federal criminal investigation

Here's how Toyota Motor Corp. plans to finally put the sudden-acceleration issue to rest: Pull out the checkbook. The automaker is reportedly close to paying a $1-billion fine to settle a four-year federal criminal investigation into whether it properly reported safety complaints to regulators. Meanwhile, Toyota's lawyers are in settlement talks over hundreds of civil lawsuits alleging wrongful deaths or injuries, potentially adding hundreds of millions to the tab. Previously, Toyota agreed to pay $1.6 billion to settle a class-action case brought by thousands of Toyota owners who contended that sudden-acceleration problems damaged the value of their vehicles. The automaker...

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