Toyota pays $ 3.4 billion in class action lawsuit over rusted truck chassis

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According to Reuters, Toyota has reached a settlement in a class action lawsuit involving owners of various Toyota trucks with severe chassis rust. The settlement is $ 3.4 billion and will pay for the inspection and replacement of affected truck frames. It also allows Toyota to avoid admitting any wrongdoing. In total, this settlement could include 1.5 million Toyota Tacoma 2005-2010, Sequoia 2005-2008 and Tundra 2007-2008.
Reuters advises that vehicles are eligible for up to 12 years from the day they were sold.
The the Wall Street newspaper reports that Toyota will contact owners by mail, publication notices and Internet methods.

This is far from the first time Toyota has faced troublesome rust on its pickup trucks. The company has repaired numerous frames and even extended its rust-puncture warranty on 1995-2000 Toyota Tacomas. This warranty covered more than 800,000 trucks. Toyota also had to issue a recall for the 2001-2003 Tundras for frame rust. This latest recall also led to a payment of $ 25 million to Toyota from Dana, the company that supplied the frames. Two years ago, Tacomas from 2005 to 2011 were also recalled for leaf springs that could rust and break.

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