The world's biggest carmaker, Toyota, has agreed to settle a US Federal class action for up to $3.4bn (£2.7bn). [...] That was based on a cost of about $15,000 per vehicle and inspection costs of about $90m, at $60 per vehicle. The Japanese carmaker Toyota admitted no liability or wrongdoing in the proposed settlement. [...] Under the terms of the agreement, Toyota will inspect the vehicles for 12 years from the day they were first sold or leased in order to ascertain if frames need to be replaced at company expense. They will also reimburse owners who previously paid for...