Toyota to pay $1.2B to settle criminal probe

7 Июн 2015 | Author: | No comments yet »
Toyota 2014

Toyota to pay $1.2B to settle probe

A Toyota Camry on the sales lot at City Toyota in City, Calif. in a 2010 photo (Photo: Justin Getty Images)

WASHINGTON — The Department announced on Wednesday Toyota will pay a $1.2 penalty to settle the criminal into its handling of unintended problems that led to recalls of 8.1 vehicles beginning in 2009.

General Eric Holder the settlement the largest U.S. penalty ever imposed on a car

Today, we can say for certain that intentionally concealed information and the public about the safety behind these recalls, said. Put simply, Toyota’s was shameful.

Christopher Reynolds, legal officer, Toyota North America, said in a Entering this agreement, difficult, is a major step putting this unfortunate behind us. We remain extremely to our customers who have continued to by Toyota.

The settlement calls for eventual of the case in exchange for Toyota’s and continued cooperation. The deal calls for a monitor to oversee safety communications, its internal of accident reports and its processes for technical bulletins.

Toyota it will record $1.2 in after-tax charges in the fiscal ending March 31. The agreement that the penalty is not tax-deductible.

safety watchdogs were The settlement is a game changer, Clarence Ditlow of the Center for Safety. Until today, faced insignificant fines and no penalties under the Vehicle Act.

The federal criminal — spearheaded by the U.S. Attorney’s and FBI in New York — was independent of federal regulator and congressional probes of the sudden-acceleration recalls. It looked at Toyota provided false or statements to the National Highway Safety Administration in the events to recalls for floor mats could trap gas pedals and gas that could stick.

While the (criminal probe) tag represents a costly resolution, can put this issue behind it to focus on current and future in a highly competitive market, Karl Brauer, senior for Kelley Blue Book, in a

Toyota already paid two fines of $16.375 million in for delays in reporting the floor mat and defects, and another $17.35 in 2012 related to an additional mat

The criminal probe chronology that the problems were within the company for some without regulatory reporting. The of events that led to the recalls with a rash of runaway car that followed a dramatic near San Diego in August

Four of the five deaths to the acceleration recalls came in crash. An off-duty California Patrol officer and three were in a Lexus ES dealer car in which an incorrect floor mat another vehicle trapped the The occupants’ ordeal as the driver to slow the car was captured on 911 recordings the vehicle eventually launched an embankment while traveling at 113 mph.

In addition to issues floor mats and sticky some safety experts that problems with the engine electronics also at fault. A federal investigation no evidence of that, but some unsatisfied.

The cover-up is still on the electronics issue, says Kane, an auto safety for Safety Research and Strategies. (government penalty) sends an message, but it’s a mixed

Toyota 2014

On one hand, he says, automakers are told to be more diligent on issues and reporting, or face fines. On the other, he says, investigators did not push engineering hard enough to find the cause of sudden acceleration.

said in his statement, however, Toyota has retooled itself the recalls. We have made changes across our global to become a more responsive — listening better to our customers’ and proactively taking action to them.

In addition to the multiple Toyota was deluged with following the recalls. Late year, it agreed to pay more $1 billion to resolve hundreds of from owners who said vehicles lost value as a of the recalls.

Toyota also ongoing wrongful death and lawsuits that have consolidated in California state and courts. In December, Toyota court documents saying it is in talks on nearly 400 U.S. a total that includes but not all of the cases.

The criminal agreement settles a big of the remaining recall fallout for but is an ominous sign for General which is just beginning to through its ignition switch for a problem it now says was known the company for more than a

GM last month recalled million vehicles worldwide for a ignition switch that can shut off the engine and cut power to systems. The issue is linked so far 12 deaths and 31 accidents.

GM already a similar criminal probe, as as NHTSA and congressional investigations. a lawsuit over diminished of the vehicles has been filed, and over deaths and injuries in are likely.

Woodyard reported from Los

Contributing: Fred Meier, Priddle of the Detroit Free

Toyota 2014
Toyota 2014
Toyota 2014
Toyota 2014
Toyota 2014
Toyota 2014

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