Toyota Settles U.S. Acceleration Fault Case

Toyota Motor Corporation (NYSE:TM) (TYO:7203) has agreed to settle in a case related to the defects in cars that led to acceleration issues in the middle of the last decade. The faults in the Toyota vehicles are linked to one fatal crash, according to Reuters who picked the story up today. Shares in the company were down a fraction on today's market.

The news comes after a Jury in Oklahoma ordered the auto maker to pay $3 million to a driver who was injured in a crash caused by the acceleration problem, and the family of a woman...