Following news that Toyota has proposed a massive settlement to address the owners of vehicles effected by the unintended acceleration recall, shares for the automaker are up 2.6 percent. Over the course of this year, Toyota's stock has jumped 51.7 percent. "My initiate reaction would be 'that's it'. $1 billion charge that covers recalls and everything else and you are looking at a $250 million compensation fund, that's nothing," said a senior trader at a foreign brokerage to Automotive News.
Autoblog , Toyota shares rise on smaller-than-expected settlement news, Toyota shares rise on smaller-than-expected settlement news
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