US Announces $1.2B Japan Auto. Toyota Criminal Saftey Settlement

WASHINGTON (AP) — The U.S. has reached a $1.2 billion settlement with Toyota Motor Corp. and filed a criminal charge alleging the Japanese automaker defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles. Under the agreement, announced Wednesday by U.S. Attorney General Eric Holder, the company will admit that it […]