Policy: Law

Report: US, Toyota may reach settlement in probe

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News,Business,Auto Industry,Law,Toyota,Settlements

TOKYO (AP) — 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 said a settlement still could fall apart. It said it is cooperating with the U.S. Attorney's office.

The investigation focuses on whether Toyota was forthright in reporting quality problems related to unintended acceleration troubles.

Starting in 2009, Toyota issued massive recalls, mostly in the U.S., totaling more than 10 million vehicles for various problems including faulty brakes, gas pedals and floor mats.

The Justice Department is also looking into whether U.S. automaker General Motors Co. was slow in recalling cars with a defect linked to 13 deaths.

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