Toyota Canada Announces Settlement of Economic Loss Litigation
TORONTO, Aug. 23, 2013 /CNW/ - Toyota Canada Inc. announced an agreement to settle economic loss litigation in Canada related to Toyota recalls in 2009 and 2010. Turning the page on this legacy legal issue is in the best interests of the company, employees, dealers and, most of all, customers.
Reliable scientific evidence and multiple independent evaluations have confirmed the safety of Toyota's electronic throttle control systems. The benefits provided to Canadian customers under the economic loss settlement agreement are intended to further demonstrate that consumers can continue to be confident in their vehicles and count on Toyota to stand behind its products.
Subject to approval of the settlement by the courts in Canada, Toyota Canada will launch a new customer-support program that will provide prospective supplemental coverage for certain vehicle components and will retrofit additional non-hybrid vehicle models subject to the floor mat recalls with a free brake override system (BOS) to provide an added measure of confidence. In addition, under the settlement, Toyota Canada will offer cash payments to eligible current owners and lessees who will not be offered BOS. The proposed settlement would also establish four scholarships.
For more information on the economic loss settlement, consumers are asked to visit www.toyotaelsettlement.ca or call 1-855-823-0650.
About Toyota Canada Inc.
Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota, Lexus and Scion vehicles. Incorporated in 1964, Toyota has sold more than 4 million vehicles in Canada through a national network of 284 Toyota, Lexus and Scion dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability in the vehicles Canadians drive. With a commitment to constant innovation, Toyota strives to stay ahead and anticipate the needs Canadian drivers. TCI's head office is located in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax and parts distribution centres in Toronto and Vancouver.
SOURCE Toyota Canada Inc.For further information:
Sandy Di Felice, Director, Toyota Canada Inc., 416-453-6505