Toyota to pay $3.4b over rusty Tundra, Tacoma and Sequoia vehicles

Pending court approval of the deal, Toyota will pay up to $3.4 billion to settle a lawsuit over Tundra, Tacoma, and Sequoia vehicles allegedly afflicted with faulty rust protection. The settlement doesn't involve Toyota admitting that it failed to adequately protect the affected vehicles from rusting, but does represent what will likely end up being a huge financial blow to …