Join Date: Nov 2006
Location: New Jersey
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Corporations don't pay this kind of settlement for "nothing".
You can point to "ambulance chasing" or "extortionist" lawyers all you want, but Toyota could afford a warehouse full of even better lawyers to defend themselves if the claims were truly baseless.
No, it seems Toyota had a real problem and they knew it.
On the positive side, I expect the company has learned from this and taken steps to improve their quality control as a result. I think my Rav4 has been subjected to 5 recalls now, and that doesn't even include the numerous non-recall TSBs, or the ECU which could still be the real problem behind Toyota's sudden acceleration problems despite their denials. But even if you give them a pass on that, you still can't say Toyota has had a great QC record in recent years.
I'm actually glad to see them get a wake-up call. It should help lead to better cars for all of us in the future.