NEW YORK, Aug. 4, 2006 (PRIMEZONE) -- Toyota Motor North America, Inc. (TMA), a subsidiary of Toyota Motor Corporation (TMC), today announced that it has reached an agreement to settle litigation involving claims of sexual harassment filed against TMC, TMA and TMA's former President and CEO, Hideaki Otaka, in May 2006 by a TMA employee, Ms. Sayaka Kobayashi. The parties resolved by mutual agreement to keep the terms of the settlement confidential.
In a joint statement, the parties said: "We are very pleased to have resolved this matter in a way that all parties have agreed is fair, appropriate and mutually satisfactory to all concerned."