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May 24, 2013
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U.S. Slaps Toyota With Record FinePosted on Apr 5, 2010
U.S. auto regulators have decided to fine Toyota a maximum $16.375 million, having determined that the car company waited “at least four months” to recall its troubled vehicles. Toyota can contest the fine, which, although a record, amounts to a tiny fraction of the total financial impact of recalling some 8 million vehicles worldwide. The Transportation Department says the $16.375 million fine is for the “sticky pedal” acceleration issue only. Regulators are still investigating and weighing further penalties. The National Highway Traffic Safety Administration has never issued a larger civil penalty against an automaker. —PZS Sources: Department of Transportation, AP Advertisement Previous item: Did Mississippi School Trick Lesbian Student With ‘Fake Prom’? Next item: British Election Mania New and Improved CommentsIf you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy. |
By samosamo, April 5, 2010 at 8:19 pm Link to this comment
hrumf! $16.375 million is chump change for toyota, but do I
want to return to the good old days of chevy and ford or
chrysler?
NO!
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