Toyota Finalizes $29 Million Multi-State Settlement Over Acceleration

Toyota Motor Corp. will pay $29 million as part of a multi-state settlement agreement finalized on Thursday over the Japanese automaker’s failure to quickly notify drivers of defects that wound up triggering the biggest safety crisis in history. The payment, to be doled out to attorneys general of 29 states and one U.S. territory, is part of the $1.1 billion Toyota agreed to pay in December to compensate consumers who lost value on their cars due to sudden, unintended acceleration.