$3.4 billion Toyota settlement addresses corrosion concerns on trucks, SUVs

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Corrosion problems have led Toyota to agree to pay upwards of $3.4 billion in a class action lawsuit settlement in which the automaker has agreed to replace the frames on certain pickups and SUVs.

Court documents reveal that the October 31 settlement will address corrosion concerns on 2005 to 2010 Tacoma trucks, 2007 to 2008 Tundra pickups and 2005 to 2008 Sequoia SUVs. Corrosion could harm the structural integrity of those vehicles, according to the Chicago Tribune.

Hard Working Trucks reached out to Toyota with several questions, including whether effected vehicle owners should take any action to address corrosion issues that may impact the structural integrity of a Toyota pickup or SUV. Here’s their response:

“We want our customers to have a great ownership experience, so we are pleased to resolve this litigation in a way that benefits them and demonstrates that we stand behind the quality and reliability of our vehicles,” a company statement reads.

Toyota said that they could not comment beyond that statement.

Each effected frame will cost about $15,000 to replace. At that rate, and based on the $3.4 billion settlement agreement, the frames of 226,666 pickups and SUVs could be replaced. To determine eligibility for frame replacement or reimbursement, Toyota has agreed to inspect effected vehicles up to 12 years following the date of sale or lease.