Toyota has reached an agreement in a class action suit brought by U.S. owners of several truck models over the issue of frame rust protection, Reuters reports. The automaker is expected to reach a formal settlement worth up to $3.4 billion with owners of Toyota Tacoma, Tundra, and Sequoia trucks that are claimed to have received inadequate rust protection, which in turn could lead to corrosion significant enough to affect the trucks' structural integrity, according to the class action suit.
The settlement program will affect 2007-08 Toyota Tundra and 2005-10 Tacoma pickup trucks along with 2005-08 Sequoia SUVs, with the total figure derived from the estimated cost of frame inspections and replacements for over 1.5 million total trucks.