Toyota to pay $16 Million Dollar Fine

Toyota is expected to pay over $16 million dollars in government penalty fees, the Star Tribune said. The fine, which is the largest government penalty ever issued to a car manufacturer, was issued after Toyota waited four months before informing the government of sticking gas pedals. The US Department of Transportation said it was going for the maximum civil penalty of $16.375 million dollars earlier this month, My Sinchew said. The Japanese auto giant declined to report what the National Highway Traffic Safety Administration called, " dangerous stick pedal defect...despite knowing the potential risk to consumers."
Toyota has recalled over 8 million cars worldwide, for several different defects.

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This page contains a single entry by brayx063 published on April 18, 2010 10:25 PM.

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