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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:28 EDTTMHagens Berman: Toyota agrees to fund a settlement of cases worth up to $1.4B
The attorneys representing Toyota (TM) owners who claim that their vehicles are prone to sudden, unexplained acceleration announced that Toyota has agreed to a settlement valued between $1.2B and $1.4B, which includes direct payments to consumers as well as the installation of a brake-override system in an estimated 3.25M vehicles. Under the terms of the proposed settlement, Toyota will install a brake-override system in vehicles subject to floor mat entrapment recalls. In addition, the settlement establishes a fund of $250M to be paid to former Toyota owners who sold their cars during the period from Sept. 1, 2009, through Dec. 31, 2010, to compensate those owners for an alleged reduced value as a result of publicity concerning unintended acceleration. A separate fund of $250M will be established to compensate current owners whose vehicles are not eligible for a brake-override system. The settlement also provides that all 16M current owners will be eligible for a customer care plan that will warranty certain parts that plaintiffs allege are tied to unintended acceleration for between three and 10 years. The agreement also provides $30M in education grants to independent academic institutions to further the study of auto safety and to enhance driver education. Judge James Selna is expected to review the proposed settlement on Dec. 28, 2012, and if he agrees with its fairness, will grant preliminary approval.
News For TM From The Last 14 Days
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August 21, 2014
07:18 EDTTMChina considering new anti-trust rules for auto sector, China Daily says
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06:26 EDTTMToyota slices China Lexus part costs amid anti-trust worries, Reuters says
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August 20, 2014
20:03 EDTTMFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
09:36 EDTTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
August 18, 2014
07:37 EDTTMReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 15, 2014
13:06 EDTTMGulf States Toyota recalls certain model year Tundras
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August 13, 2014
07:24 EDTTMToyota DOJ compliance to be overseen by former U.S. attorney, Detroit News says
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August 11, 2014
15:23 EDTTMJPMorgan to hold a conference
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07:14 EDTTMToyota, Honda to cut prices in China following probe, Reuters says
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August 8, 2014
06:35 EDTTMNissan nears Honda U.S. sales due to designs, costs, Reuters says
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August 7, 2014
06:49 EDTTMFitch: Major Japanese car makers gained market share in China, Xinhua says
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06:22 EDTTMToyota recalls 2014 Siennas due to defected transmission shift control cable
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