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Federal Government Seeking Maximum $16M Penalty Against Toyota [View All]

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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-05-10 03:15 PM
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Federal Government Seeking Maximum $16M Penalty Against Toyota
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Source: Fox News-AP

WASHINGTON -- The U.S. Transportation Department says it is seeking the maximum penalty of $16 million against Toyota for failing to notify the government promptly about defective gas pedals among its vehicles.

Transportation Secretary Ray LaHood says the department has evidence that Toyota knew of the problem with sticking accelerators in late September but did not recall cars until late January.

The fine would be the largest civil penalty ever issued to an automaker by the government.

Toyota has two weeks to accept or contest the $16.375 million penalty.

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  -Federal Government Seeking Maximum $16M Penalty Against Toyota Omaha Steve  Apr-05-10 03:15 PM   #0 
  - Remaining question, is $16.375 million the max any corporation can be punished by our Federal Govt.  jody   Apr-05-10 03:22 PM   #1 
  - But Ray LaHood was one of those bipartisan Cabinet appointments that showed what an...  MilesColtrane   Apr-05-10 03:49 PM   #2 
  - kick. nt  skipos   Apr-05-10 06:20 PM   #3 
  - This is a slap on the wrist. A disappointing gesture.  Metta   Apr-05-10 06:29 PM   #4 
  - And it's purely monetary. The people involved are protected by the corporation  Cal Carpenter   Apr-05-10 07:12 PM   #5 
  - It rewards Toyota's bad behavior.  dencol   Apr-05-10 07:40 PM   #6 
  - It's only money to Toyota  liberal N proud   Apr-05-10 07:48 PM   #7 
     - Cost benefit analysis -- Toyota learned too well from Ford  Tansy_Gold   Apr-05-10 08:39 PM   #10 
  - 16m outrageous  JPerz   Apr-05-10 07:59 PM   #8 
  - Why the fuck isn't the maximum penalty $16 BILLION!? nt  strategery blunder   Apr-05-10 08:20 PM   #9 
  - Toyota fined $16.4M, accused of hiding defect  SpartanDem   Apr-06-10 01:13 AM   #11 
  - How many cars is that?  Heywood J   Apr-06-10 11:02 AM   #12 
  - Why wouldn't the government penalize one of their competitors?  toopers   Apr-06-10 12:59 PM   #13 
  - Not high enough. It's time to close the company down and sell off their stuff.  Xenotime   Apr-07-10 09:15 AM   #14 

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