Toyota Motor Corp. has reached a $1.2 billion settlement to end a U.S. criminal probe of sudden unintended acceleration that led to the recall of more than 10 million vehicles, two people familiar with the matter said.
Ford Motor Co., the second-biggest U.S. automaker, is accused of developing its hybrid vehicles using technology from a Baltimore company that won a patent- infringement case against Toyota Motor Corp., maker of the Prius.
Toyota Motor Corp.’s small sedan revealed today in Detroit is the most important model the company will never sell. Called Furia, it gives a hint of what Akio Toyoda wants from a company not known for its style.
Transnet Freight Rail, a unit of South Africa’s Transnet SOC Ltd., signed an agreement with Toyota SA Motors under which the rail operator will handle the transportation of certain locally manufactured and imported Toyota vehicles.
Toyota Motor Corp. wasn’t responsible for an accident that killed a 66-year-old woman who crashed her 2006 Camry into a tree after it sped out of control on a road in the wrong direction, a California jury said.
Gary Guzy, who was the deputy director and general counsel of the White House Council on Environmental Quality, is joining Covington & Burling LLP in January. Guzy, who also served as general counsel of the U.S. Environmental Protection Agency in the Clinton administration, is joining the firm’s environmental, clean-energy, public policy and government affairs practices.