Toyota Motor Corp. is close to a deal to pay more than $1 billion to end a U.S. criminal probe of how it disclosed drivers’ complaints of unintended acceleration, according to people familiar with the matter.
An agreement could come within weeks barring setbacks and would cap a four-year investigation by U.S. prosecutors.
There are still a few sticking points in Toyota’s negotiations with prosecutors, people familiar with the matter said, and the potential deal could fall apart.
A spokeswoman for Toyota said the Japanese auto maker was cooperating fully with federal prosecutors. The amount of the potential settlement could also change.
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