TITLE

Will Insurers Still Ride With Toyota?

AUTHOR(S)
Rutkin, Alan
PUB. DATE
May 2010
SOURCE
Best's Review;May2010, Vol. 111 Issue 1, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the liability and disclosure issues involving the failure of Toyota Motor Corp. (TMC) to report acceleration problems in the U.S. The company faces class-action lawsuits due to acceleration concerns. The Committee on Oversight and Government Reform of the House of Representatives questions TMC's reports while the Department of Transportation may seek a 16.4 million dollar fine. TMC's knowledge about the acceleration flaws may affect its rights to insurance.
ACCESSION #
50613582

 

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