Wednesday, December 26, 2012

World’s Longest High Speed Rail Opens/ Toyota Agrees to $1 Billion Settlement

The 9AM from Beijing to Guangzhou in China made history as China opened the world’s longest high-speed rail on Wednesday.

Trains that run on this 1,428 mile line will travel at 186 miles per hour, making travel time a total of 8 hours between cities.


Also in news today, Toyota has agreed to a $1.4 billion lawsuit settlement to customers; reportedly the largest settlement in U.S. history involving vehicle defects.

The class action lawsuit brought against the Japanese car manufacturer comes after reports of vehicle issues such as the brake override system.

A fund of $250 million will be set up in order to compensate Toyota owners who sold their vehicles due to the issues.

Toyota has said that the issue with previous acceleration complaints was not an electric issue, but rather “driver error, floor mats, and sticky gas pedals”. 



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