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    Toyota settles billion euro class action lawsuit

    euronews (in English)

    by euronews (in English)

    Toyota has agreed to pay out more than a billion euros to settle a class action lawsuit launched by car owners affected by a series of mass recalls.

    The company has agreed to compensate motorists who argued that the value of their cars plummeted after a series of deadly accidents in 2009 when Toyota vehicles sped out of control.

    Toyota has not accepted any blame.