Biz Buzz Blog: Mississippi to get $561,000 from Toyota settlement

By Dennis Seid/NEMS Daily Journal

As part of Toyota Motor Corp.’s settlement with 29 states and American Samoa announced last week, Mississippi will get $561,288.60.

Toyota said last Thursday it would pay $29 million as part of a settlement related to its safety recalls.

State attorneys general sued Toyota in 2010 after it recalled 14 million vehicles globally for accelerating without warning. The lawsuit accused Toyota of failing to notify customers promptly about the problems.

During their investigation, the attorneys general found that poor communication between Toyota’s headquarters in Japan and its U.S. operations had contributed to the problem. Toyota has promised to improve communications and give its U.S. executives more decision-making power.

Click here for more at the Biz Buzz Blog.

Click video to hear audio