Late safety recalls cost Toyota record fines

[Bozita]

Source: Detroit News

Last Updated: December 21. 2010 1:00AM
Late safety recalls cost Toyota record fines
Automaker agrees to pay $32.4M to settle two probes
David Shepardson / Detroit News Washington Bureau


Washington— Toyota Motor Corp. agreed Monday to pay $32.4 million in federal fines, settling two federal investigations that found the automaker delayed recalling nearly 6 million vehicles.

Toyota's board of directors agreed to pay the maximum fine in two separate investigations by the National Highway Traffic Safety Administration.

Toyota will pay $16.4 million after NHTSA said the Japanese automaker delayed its recall of nearly 5 million vehicles for pedal entrapment and will pay $16 million after the agency said it delayed a 2005 recall of 980,000 million 4Runners and pickups for faulty steering rods that could lead to loss of steering control.

Toyota didn't admit to any wrongdoing in paying the record fines. "These agreements are an opportunity to turn the page to an even more constructive relationship with NHTSA," said Steve St. Angelo, Toyota's chief quality officer for North America.

Read more: http://detnews.com/article/20101221/AUTO01/12210356/Late-safety-recalls-cost-Toyota-record-fines#ixzz18iyLDSmV

[TexasObserver]

1. recommend

[Omaha Steve]

2. Kick & R #5

[madokie]

3. Wouldn't buy one on a bet

Tin cans on wheels is all they are. :-)

rec 7