Toyota Canada Announces Settlement of Economic Loss Litigation

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.