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Wednesday, December 19, 2012

Toyota Motor Corp. Will Pay Record $17.35 Million in Civil Penalties for Alleged Violations of Federal Law

By: Jeffrey Lapin

Toyota has agreed to pay record $17.35 million, the maximum fine allowable under the law, to the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) in response to the agency's assertion that the automaker failed to report a safety defect to the federal government in a timely manner.

Besides paying the record fee, Toyota and its subsidiaries in the U.S. have agreed to make changes to ensure this kind of thing does not happen again

Full Article: NHTSA: Toyota Motor Corp. Will Pay Record $17.35 Million in Civil Penalties for Alleged Violations of Federal Law | National Highway Traffic Safety Administration (NHTSA)

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