Source: Toyota will settle truck frame rust suit for up to $3.4 billion
The settlement program will affect 2007-08 Toyota Tundra and 2005-10 Tacoma pickup trucks along with 2005-08 Sequoia SUVs, with the total figure derived from the estimated cost of frame inspections and replacements for over 1.5 million total trucks.
The frame replacements are estimated to cost $15,000 each, which adds up to $3.375 billion, while the cost of inspections for the affected trucks is expected to add another $90 million, at $60 per truck, according to lawyers representing the class of plaintiffs.
I wonder if this applies to original owners only. Anyone have some info on this?
The settlement program will affect 2007-08 Toyota Tundra and 2005-10 Tacoma pickup trucks along with 2005-08 Sequoia SUVs, with the total figure derived from the estimated cost of frame inspections and replacements for over 1.5 million total trucks.
The frame replacements are estimated to cost $15,000 each, which adds up to $3.375 billion, while the cost of inspections for the affected trucks is expected to add another $90 million, at $60 per truck, according to lawyers representing the class of plaintiffs.
I wonder if this applies to original owners only. Anyone have some info on this?
