Toyota Settles RAV4 Transmission Defect Action

Law360, New York (March 22, 2011, 3:33 PM EDT) -- Toyota Motor Corp. settled a class action Tuesday over alleged transmission defects in its RAV4 sport utility vehicles, telling a California federal court it would extend customers' warranties and provide free repairs related to the defect.

The carmaker maintained it was not liable for engine problems that occurred after the expiration of the warranty, but said the settlement, which does not include blanket payments to class members, was fair and reasonable, according to a joint motion filed by Toyota and the plaintiffs in the U.S. District...
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