Toyota and the families of four people who died when dealership loaner Lexus ES crashed after a reported unintended acceleration event, have settled out of court reports Bloomberg. The crash gained national attention and helped spur on the media frenzy around unintended acceleration in Toyotas. Toyota CEO Akio Toyoda had previously apologized to the family of the driver, Mark Saylor, during congressional testimony. Needless to say, Toyota is not disclosing the terms of its settlement, saying only that
Through mutual respect and cooperation we were able to resolve this matter without the need for litigation.
Considering it was a Lexus dealer who had put non-standard mats in the Saylor car, and had previously been warned that it had a sticky accelerator, Toyota’s willingness to settle seems driven more by PR considerations than liability.