Toyota Motor Corp. Slapped wtih $17 million dollar fine for safety issue

Toyota handed largest fine ever given by NHTSA

Major_fine_for_Toyota_170620000_20121218132937

Posted: 12/18/2012
Last Updated: 153 days ago

DETROIT -   (AP) -- The U.S. government has slapped Toyota Motor Corp. with a record $17.4 million fine for failing once again to quickly report problems to federal regulators and for delaying a safety recall.

   The fine from the National Highway Traffic Safety Administration, the agency that monitors vehicle safety, is the maximum allowed by law. It's the fourth fine levied against Toyota in the past two years for similar infractions, and it's the largest single fine ever assessed against a car company over safety defects.

   In 2010, Toyota paid a total of $48.8 million in fines for three violations.

   Toyota says it agreed to pay the penalty without admitting any violation of the law. It has also pledged to strengthen data collection and evaluation to make sure it takes action more quickly.
 

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


  • Marketplace

Stay Connected

Send us a News Tip Send us a News Tip
Mobile & iPhone/Android Apps Mobile/Tablet Apps
Twitter Twitter
Facebook Facebook
YouTube YouTube
Community Calendar Community Calendar
ClevelandLaw.tv BakersfieldLaw.tv