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Toyota proposing $1.1 billion unintended acceleration settlement in US

Toyota are setting aside an additional $1.1 billion to settle claims in the US of unintended acceleration in their cars. In the ongoing saga of unintended acceleration in the US caused by floor mats, Toyota has revealed it is to set aside an additional $1.1 billion to settle claims and fit new equipment to cars affected by the floor mat problem. Toyota are going to install a brake override system in 3.25 million vehicles, set aside $250 million to compensate owners who have already sold their cars, another $250 million for affected owners whose cars can’t get the brake override system, throw in a care plan  for parts related to unintended acceleration and throw $30 million at research in to car safety.

Lamborghini Gallardo LP560-4

By Ben Barry Motor Shows 04 March 2008 20:35 What’s new on the Lamborghini stand? The Gallardo LP560-4. The 560 stands for the 560ps (552bhp) that’s come courtesy of the all-new 5.2-litre V10 engine (previously 5.0-litre and 520bhp – and 20kg heavier), the 4 relates to the four-wheel drive system that usually splits torque 30/70 front-to-rear.

Toyota, Honda lead U.S. industry to 22 percent gain

U.S. light-vehicle sales, paced by Toyota and Honda, rose 22 percent in June as U.S. consumers continued to shake off economic jitters and replace aging cars and light trucks.