In the latest development involving Toyota’s problems with so-called unintended acceleration, the maker has agreed to pay $29 million as part of a settlement with the attorneys-general in 29 states while also improving the way it handles future recalls.
The automaker will also set aside another $5 million to help reimburse owners of various Toyota Motor Co. products who were affected by those recalls to cover costs for rental cars, taxi rides and other replacement transportation.
Toyota has already paid a series of record fines levied by the National Highway Traffic Safety Administration as a result of its handling of recalls linked to a series of problems that could cause its vehicles to surge out of control. Since the first of those recalls – involving issues such as carpet entrapment and sticky accelerators – was launched in 2009, more than 10 million vehicles have been affected.
“Car buyers deserve the assurance that manufacturers will quickly and appropriately respond to known safety risks,” Arkansas Attorney General Dustin McDaniel said. “The terms of this settlement require that Toyota make changes to improve its responsiveness to safety issues, and that benefits consumers.”