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February 14, 2013
12:33 EDTTMToyota announces settlement with Attorneys General of 29 states
Toyota Motor North America announced that it has reached a settlement agreement with the Attorneys General of 29 states and one U.S. territory to resolve issues related to recalls conducted by the company from 2005 to 2010. In the agreement, Toyota has committed to take steps to make vehicle information more easily accessible to consumers to help them operate their vehicles safely and make more informed choices. Toyota also agreed to continue other customer-focused initiatives. As part of this settlement, which the company announced the TMC Board had approved in December 2012, Toyota will pay $29M, to be divided among the states and the territory participating in the agreement.
News For TM From The Last 14 Days
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November 25, 2015
08:37 EDTTMToyota to recall Takata air bag inflators previously ruled safe, NY Times says
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06:29 EDTTMTakata manipulated air bag testing data as early as 2000, NY Times reports
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05:58 EDTTMToyota recalls 1.6M cars after Nissan air bag injury, Bloomberg reports
Toyota (TM) reissued a recall for 1.6M cars in Japan over Takata air bags, reports Bloomberg. The recall comes after a component that was deemed safe in a Nissan (NSANY) vehicle ended up injuring a passenger last month. Reference Link
November 23, 2015
10:37 EDTTMFord no longer using Takata air bag inflators in future cars, AP reports
Ford (F) will stop using air bag inflators manufactured by Takata (TKTDY) in future vehicles, the Associated Press reports. The company joins Honda (HMC), Toyota (TM), and Nissan (NSANY) in choosing not to put the inflators in vehicles currently under development, the report says. Reference Link
November 18, 2015
09:32 EDTTMThe House Oversight & Government Reform Committee to hold a hearing
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06:32 EDTTMToyota's Mirai gaining traction in California, Reuters says
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