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Toyota to Pay $1.2 Billion

Automaker agrees to massive settlement to resolve investigation into unintended acceleration.
(NBC News)  Toyota will paying $1.2-billion to settle a criminal investigation into its handling of unintended acceleration problems with their vehicles.

The issues led to multiple deaths and massive recalls in 2009.

After a four-year criminal investigation, Attorney General Eric Holder said Wednesday the company was looking out for itself during the crisis, not drivers.

"Toyota intentionally concealed information and misled the public about the safety issues behind these recalls," Holder said.

Toyota will also submit to independent reviews of its practices.

In a statement Toyota said it's cooperated with investigators and "made fundamental changes to become a more responsive and customer-focused organization."

Toyota has already paid the government millions in fines and spent more than one billion dollars settling civil lawsuits.

Their sales have taken a hit, but in the last fiscal quarter they were still reporting billions in profits.

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