The government found no evidence that electronic glitches caused sudden acceleration incidents in Toyota vehicles.
U.S. Transportation Secretary Ray LaHood did not equivocate, saying, “We enlisted the best and brightest engineers to study Toyota’s electronics systems, and the verdict is in. There is no electronic-based cause for unintended high-speed acceleration in Toyotas.”
I really meant to buy Toyota stock today. I really did. Somehow, I saw this coming. I don’t think plaintiffs’ lawyers will stop filing lawsuits in these cases, but it must give them cause for pause. (We are not involved in these cases and I cannot speak to the merits of the Toyota class-action lawsuits. I’m just the messenger.)