Toyota Resolves Antitrust Suits For $35M

Law360, New York (March 16, 2006, 12:00 AM EST) -- Cutting its ties from a string of antitrust lawsuits that have dragged on since 2003, Toyota Motor Sales USA has decided to pony up $35 million to resolve approximately 75 pending suits alleging the company colluded with other auto makers to block U.S. customers from seeking lower prices in Canada.

“We settled it because after three years of costly litigation, it was time to put it behind us,” spokesperson Xavier Dominicis said. “We’d rather focus on the car business and building quality cars.”

U.S. car buyers...
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