Owner reflects on his $20.91 Toyota unintended acceleration settlement check

Owner reflects on his $20.91 Toyota unintended acceleration settlement check

November 29, 2014 by · Leave a Comment 

Filed under: Government/Legal , Toyota , Ownership Where General Motors and Takata have grabbed many auto safety-related headlines this year with their problems with ignition switches and airbag inflators, a few years ago, a similar sort of scrutiny fell on Toyota for unintended acceleration. After multiple settlements with various parties totaling billions of dollars , the issues seem largely behind the Japanese automaker now. Owners are actually starting to receive their money, but it isn’t exactly breaking the bank. Payouts are expected to be between $37 and $125 per person. Computer science student Jonathan Sourbeer received a check for just $20.91, and he considers what that money actually means in an op-ed in The Wall Street Journal . Sourbeer’s biggest gripe is that the roughly 85 lawyers in the case are receiving $227 million in attorneys’ fees and expenses, while the 25 primary plaintiffs and class representatives receive a total of just $395,270. According to the Frequently Asked Questions about the settlement, Toyota set up a $250 million fund to pay affected owners, as well . The money isn’t for injuries or damages but for alleged economic loss to the vehicles. However, Sourbeer says he feels no personal suffering and still has the same car. In addition to the settlement, the automaker obviously has its own legal fees to deal with, as well.

Toyota’s Camry and Tacoma Earn U.S. News and World Report’s 2014 Best Car For The Money Award

February 15, 2014 by · Leave a Comment 

TORRANCE, Calif., (Feb. 12, 2014)

Toyota Tundra and Tacoma Pickup Trucks Win U.S. News & World Report’s ‘2013 Best Cars for the Money’ Awards

February 24, 2013 by · Leave a Comment 

TORRANCE, Calif., Feb. 21, 2013 – – Toyota swept the pickup truck segments in the annual U.S. News & World Report “2013 Best Cars for the Money” awards.

Ford, Toyota clean up in Best Car For The Money Awards

Ford, Toyota clean up in Best Car For The Money Awards

February 23, 2013 by · Leave a Comment 

Filed under: Etc. , Acura , BMW , Buick , Chevrolet , Ford , Honda , Hyundai , Subaru , Toyota The U.S. News Best Cars for the Money Awards picks winners by looking at the average transaction price, five-year total cost of ownership, the regard a car has from the automotive press, reliability figures from J.D. Power and Associates and safety data from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety . The result, according to the magazine, is “the best combination of critical acclaim and long-term value.” Ford nabbed six of the 21 categories that received awards this year, the Focus , Fusion , Fusion Hybrid , Taurus , Escape and Edge getting trophies. Toyota and its Lexus and Scion sub-brands took another five, the Tacoma and Tundra owning the two categories given to pickup trucks. The other ten awards were split between Honda with three, Buick with two, and one each for Subaru , BMW , Hyundai , Chevrolet and Mazda . Follow the link to see all the winners and read about why they were chosen. Ford, Toyota clean up in Best Car For The Money Awards originally appeared on Autoblog on Fri, 22 Feb 2013 15:44:00 EST. Please see our terms for use of feeds .

Lexus RX 350 and RX 450h Win U.S. News & World Report’s 2013 Best Cars for the Money Award

February 22, 2013 by · Leave a Comment 

TORRANCE, Calif., Feb. 21, 2013 – Lexus earned top honors in two categories of U.S. News & World Report’s 2013 Best Cars for the Money awards for its outstanding value.

Scion FR-S Named Best Sports Car for the Money by U.S. News & World Report

February 22, 2013 by · Leave a Comment 

TORRANCE, Calif., (Feb. 21, 2013) – The 2013 FR-S beat out its competition to earn the Best Sports Car for the Money from respected publication U.S. News & World Report . The annual award recognizes value, quality and critical acclaim across 21 vehicle categories.

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