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VOL. 37 | NO. 7 | Friday, February 15, 2013
Tennessee part of $29M agreement with Toyota
NASHVILLE (AP) - Tennessee has joined 29 other states in a $29 million agreement with Toyota Motor Corp. over allegations the company concealed safety issues related to unintended acceleration.
The agreement was filed on Thursday in Knox County Chancery Court and is pending court approval.
In a complaint filed along with the agreement, the states allege Toyota engaged in unfair and deceptive practices when it failed to timely disclose known safety defects with accelerator pedals.
State officials say Tennessee will receive about $700,000 as part of the agreement to resolve consumer protection claims.
Toyota has also agreed to provide improved communication with consumers if other potential safety concerns arise.