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Toyota negotiating to settle sudden-acceleration lawsuits

In this Nov. 5, 2010 file photo released by the Utah Highway Patrol, a Toyota Camry is shown after it crashed as it exited Interstate 80 in Wendover, Utah.
AP
In this Nov. 5, 2010 file photo released by the Utah Highway Patrol, a Toyota Camry is shown after it crashed as it exited Interstate 80 in Wendover, Utah.

Toyota has entered negotiations to settle hundreds of sudden-acceleration lawsuits, the Los Angeles Times reported Friday.

The state and federal suits claim that defects caused the vehicles hundreds of crashes, which ended in deaths and serious injuries. To date, the automaker has spent about $2 billion to battle the suits.

To read more about the move, check out the Los Angeles times article.

By CNBC

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