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FBN’s Diane Macedo with morning headlines, including news that Toyota has agreed to pay $1.1 billion to settle its recall case.
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Thank you aren't and now let's go to Diana Sato who has -- business headlines you start with the -- story.
That's right that Toyota has agreed to pay about one point one billion dollars to settle a class action lawsuit.
Over complaints of unintended acceleration in its cars now under the agreement.
The company would provide payment or safety equipment to the owners of as many as sixteen million vehicles.
But it wouldn't need to admit admit guilt in this case now one of the plaintiff's attorney says.
The settlement which does still need to need a federal judge's approval.
Would be one of the largest ever -- a lawsuit involving automotive industry Toyota has blamed driver error faulty floor mats and sticky accelerator pedals.
For the unintended acceleration as -- pointed out.
Pretty good excuse if you get pulled over moving on though Ford Motor plans to invest.
More than 773 million dollars on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan.
The auto -- says the plan is part of its commitment to invest six point two billion dollars in US plans.
-- when he fifteen the Michigan investments should allow the company to not only retain.
More than 3200 hourly jobs but create upwards.
About 2.3 hundred more on -- you -- that's not a good that you computer working.
So far -- good idea after a lot of that by pounding and does it.
