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Toyota reaches $1.2B unintended acceleration settlement in criminal probe

UPDATE: Just like that, Toyota has released an official statement confirming its $1.2-million dollar settlement with the US Attorney's Office. Our story has been updated to reflect this development and the automaker's official statement has been added below.
Toyota has reached a settlement over the criminal probe into its unintended acceleration problems, and the outcome is more expensive than first expected. The Japanese automaker has agreed to pay $1.2 billion to close the investigation among other settlement terms. The criminal inquiry focused on whether the company kept information from regulators and how it handled drivers' complaints about the problems, according to the sources.
Between 2009 and 2010, Toyota ended up recalling over 10 million vehicles worldwide over sudden acceleration fears. Fixes include modifying floor mats, gas pedals, and installing brake override software on affected models. In addition, Toyota made the latter standard on all of its new vehicles.

Tesla pulling plug on Toyota RAV4 EV battery deal

The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year.
"Toyota is expected to end the current RAV4 EV model this year," Tesla said in its quarterly financial filing obtained by Bloomberg. "Our production activities under this program are expected to end in 2014," the company said.
This timeline fits closely with the original production plans for the RAV4 EV. When the $100-million project was first announced, Tesla said that it expected to supply battery packs for the vehicle from 2012 to 2014. Building components for the Japanese automaker continues to bring in money, though. In the company's Q1 2014 letter to shareholders, it said: "Automotive revenue included $15 million of Toyota powertrain sales." According to Bloomberg, Toyota has sold just 1,594 RAV4 EV models from 2012 through April 2014. Initially, the business had estimated that it would sell 2,600 units of the electrified crossover.

A Ferrari-swapped Toyota GT86 sounds menacing

Ryan Tuerck and Gumout's Ferrari-swapped Toyota GT86 has clearly been a grueling labor of love. And now, finally, the competition-only car is near enough to completion that the team could fire up for the first time. And the sound coming out of the custom machine is incredible. In addition to putting out a short clip of the engine's glorious sound, Tuerck gives a detailed walkthrough of the entire vehicle and explains some of the custom touches behind the car. The exhaust, which comes out of the front end, for instance, was done to maintain the Ferrari 458 system's length. The result is supposed to mimic the sound of a stock 458, but we think it sounds more brutal than Maranello intended. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The Ferrari-powered machine also shoots flames. Massive, ridiculous, impressive balls of flame. The vehicle is on track to be completed this month, and we can't wait to see it shred some tires. Related Video: News Source: Donut Media, Donut Media / FacebookImage Credit: Donut Media / YouTube Aftermarket Ferrari Toyota Coupe Special and Limited Editions Performance Videos toyota gt86 toyota 86 engine swap