Filed under: Government/Legal , Buick , Chevrolet , Chrysler , Dodge , Ford , GM , Lexus , Toyota The United States Patent and Trademark Office is a treasure trove for auto enthusiasts, especially those who double as conspiracy theorists. Why has Toyota applied to trademark ” Supra ,” the name of one of its legendary sports cars, even though it hasn’t sold one in the United States in 16 years? Why would General Motors continue to register ” Chevelle ” long after one of the most famous American muscle cars hit the end of the road? And what could Chrysler possibly do with the rights to “313,” the area code for Detroit ? There are a lot of possible answers to these questions, since automakers apply for trademarks for a variety of reasons. While a filing can be the first sign of a new model – or the return of an old favorite – moving to secure a trademark can just as easily be a smoke signal. Frequently, it’s just a routine legal procedure to maintain rights to a famous name so it can be used on t-shirts and coffee mugs. The United States Patent and Trademark Office is a treasure trove for auto enthusiasts, especially those who double as conspiracy theorists. Though there’s strong circumstantial evidence Toyota may in fact be working on a Supra-successor, for now the name is simply a filing that’s weaving its way through the federal bureaucracy. Toyota has let the Supra trademark lapse in the past before reapplying for it.
Filed under: Government/Legal , Safety , Toyota , Earnings/Financials A jury has decided that faulty software was to blame for a crash involving a 2005 Toyota Camry that killed one woman and injured another. This is the first time Toyota has been found liable by a jury in a lawsuit involving sudden acceleration claims. Toyota has maintained that driver error is the most likely cause for cases of sudden acceleration. Shortly after the jury in the case, which took place in Oklahoma and centered around a crash that injured 76-year-old Jean Bookout and killed her passenger, Barbara Schwarz, reached a verdict that would see Toyota paying $3 million in compensatory damages, a confidential settlement was reached. The jury, which had found Toyota liable for “reckless disregard” for public safety, had yet to decide what punitive damages Toyota would face. Toyota said in a statement, “While we strongly disagree with the verdict, we are satisfied that the parties reached a mutually acceptable agreement to settle this case. We will continue to defend our products vigorously at trial in other legal venues.” This verdict could have widespread implications for several more cases that have yet to be heard in court where lawyers are expected to argue that software was to blame for sudden acceleration in Toyota vehicles. These cases fall into a different legal category than the ones Toyota settled for $1.4 billion earlier this year. Toyota’s brief statement can be found below . Continue reading Toyota settles for $3M after being found liable in sudden acceleration case Toyota settles for $3M after being found liable in sudden acceleration case originally appeared on Autoblog on Sat, 26 Oct 2013 09:55:00 EST.
Filed under: Government/Legal , Toyota , Earnings/Financials Slowly, the many loose threads still dangling after the unintended acceleration issue Toyota faced a few years ago are being resolved. The Orange County District Attorney’s office was believed to be the first DA’s office to take Toyota to court , its suit alleging that Toyota knew its cars had defects and continued to sell them. The suit sought to “permanently enjoin Toyota from continued unlawful, unfair, deceptive, and fraudulent business practices as it pertains to both consumers and competitors” and asked for $2,500 “for every violation of the Unfair Business Practices Act,” plus costs. That suit has now been settled, Toyota – without admitting fault or wrongdoing – agreeing to pay $16 million to the county. Half of the money will go to the Orange County Gang Reduction Intervention Partnership, another four million dollars to the OC DA’s office to investigate economic crime, the remaining four million being used to pay for the case. Toyota unintended acceleration lawsuit settled for $16M originally appeared on Autoblog on Mon, 08 Apr 2013 16:31:00 EST. Please see our terms for use of feeds . Permalink