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Toyota sudden acceleration settlement wins preliminary approval

The company will pay out $1.1 billion to consumers who suffered economic losses after a massive vehicle recall

Toyota Motor Corp.’s proposed $1.1 billion settlement related to unexpected acceleration problems with its vehicles won preliminary court approval on Friday.

The ruling brings Toyota one step closer to settling a legal battle that stretches back to 2009, when the company voluntarily recalled millions of cars and trucks amid reports that some vehicles were suddenly and unexpectedly accelerating.

Alanna Byrne

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