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AP source: US to announce $1.2B settlement with Toyota over its disclosure of safety problems

WASHINGTON - The U.S. has reached a $1.2 billion settlement with Toyota Motor Corp., concluding a four-year criminal investigation into the Japanese automaker's disclosure of safety problems, according to a person close to the investigation.

Report: US Justice Department, Toyota may reach settlement in unintended acceleration probe

TOKYO - The Wall Street Journal is reporting the U.S. Justice Department may reach a $1 billion settlement with Toyota Motor Corp., ending a four-year criminal investigation into the Japanese automaker's disclosure of safety problems. Toyota declined comment Wednesday on the report, which cited unnamed sources who said a settlement still could fall apart. Toyota said it is co-operating with the U.S. Attorney's office. The U.S. Justice Department was not immediately available for comment.

Toyota shuts 2 India plants in lockout of workers demanding wage hikes; no damages or injuries

MUMBAI, India - Toyota said Monday it has shut down production at its two auto-assembly plants in India, locking out 6,400 workers amid testy wage negotiations and allegations of threats against management. A statement from the Indian unit of the world's largest automaker said that "under the instigation of the union, certain sections of the employees have resorted to deliberate stoppages of the production line, abuse and threatening of supervisors." It said the company had no other option but to declare a lockout "to ensure the safety" of workers and management.

Toyota suspends India production as pay dispute drags

TOKYO (Reuters) - Toyota Motor Corp's <7203.T> Indian unit has temporarily closed its two plants where some workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations. The factories near Bangalore are Toyota Motor's only vehicle plants in the world's sixth-biggest auto market, where the Japanese manufacturer generates just a sliver of global sales.

Toyota recalls vehicles in the Americas, mostly US, for software glitch, no accidents reported

TOKYO - Toyota is recalling 294,000 vehicles in North and South America for a skid-control software glitch. No accidents or injuries have been reported. Toyota Motor Corp. said Thursday the recall affects the RAV4 sport utility, Tacoma pickup and Lexus RX 350 luxury model, manufactured from March 2012 through December 2012. Some 260,000 of the vehicles were sold in the U.S. The Japanese automaker said the problem can cause stability control, anti-lock brakes and traction control to turn off, although standard braking will keep working.

Australia losing last auto producer Toyota

Toyota on Monday said it will stop making cars in Australia in less than four years, bringing the country's auto industry shuddering to a halt, despite appeals by Prime Minister Tony Abbott. The Japanese auto giant said production of vehicles and engines would finish at the end of 2017, throwing into doubt 3,900 jobs at its Altona plant in a Melbourne suburb, and another 150 jobs at a separate design centre. The move will close the book on Australia's 66-year-old auto sector, with some 50,000 jobs across the sector in componentry and other areas expected to go.

Australia losing last auto producer Toyota

Toyota on Monday said it will stop making cars in Australia in less than four years, bringing the country's auto industry shuddering to a halt, despite appeals by Prime Minister Tony Abbott. The Japanese auto giant said production of vehicles and engines would finish at the end of 2017, throwing into doubt 3,900 jobs at its Altona plant in a Melbourne suburb, and another 150 jobs at a separate design centre. The move will close the book on Australia's 66-year-old auto sector, with some 50,000 jobs across the sector in componentry and other areas expected to go.

Toyota close to $1 billion deal to settle U.S. probe: WSJ

(Reuters) - Toyota Motor Corp <7203.T> is close to a deal to pay $1 billion to settle a U.S. criminal investigation into how it disclosed customers' complaints about unintended acceleration years ago, the Wall Street Journal reported on Friday, citing anonymous sources. Toyota could reach a deal with U.S. authorities within weeks, the Journal quoted the sources as saying, ending a four-year probe into one of the Japanese automaker's most embarrassing international episodes.

Toyota close to $1 billion deal to settle U.S. probe: WSJ

(Reuters) - Toyota Motor Corp <7203.T> is close to a deal to pay $1 billion to settle a U.S. criminal investigation into how it disclosed customers' complaints about unintended acceleration years ago, the Wall Street Journal reported on Friday, citing anonymous sources. Toyota could reach a deal with U.S. authorities within weeks, the Journal quoted the sources as saying, ending a four-year probe into one of the Japanese automaker's most embarrassing international episodes.

Toyota announces 11-year, naming rights deal at revamped Daytona International Speedway

DAYTONA BEACH, Fla. - Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway. The Japanese automaker and International Speedway Corp., which owns the famous Florida track, announced the sponsorship deal at the Chicago Auto Show.
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