Toyota agreed to pay $1.2bn on Wednesday to end a US criminal investigation into misleading statements the car company made about safety issues in Toyota and Lexus vehicles after a series of crashes.
Toyota has hiked its full-year net profit by 13 percent, citing a weaker yen that makes its exports more profitable, the Japanese automaker said on Wednesday.
The Toyota car company has agreed to pay more than $1bn to settle claims that its cars could unintentionally accelerate out of control. A judge must approve Toyota's offer of $1.1bn (£683m), which was filed in a Californian court on Wednesday.
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