Moving faster, Toyota recalls SUVs, agrees to fine — The Hindu

31 мая 2015 | Author: | No comments yet »

manufacturing and engineering

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Toyota has agreed to a record million fine for its slow to sticking gas pedals the equivalent of a more than $2 for every the company sold around the in 2009.

But the fine, the maximum the law, could be simply a in the long run: The Japanese giant still faces of private lawsuits, which been combined before a judge in Santa Ana,

“In the court of public opinion, the fine speaks volumes. But at the end of the the fines are simply background in terms of the civil litigation,” Arsenault, a plaintiff’s attorney in Louisiana, said Monday. really important are the facts were the catalyst for the fines.”

to address new safety concerns, said it would recall all of the 2010 Lexus GX 460s went on sale in late — 5,600 that been sold and 3,800 at dealers or elsewhere in the distribution The announcement came less a week after Consumer issued a warning about the a sharp contrast to the government’s that Toyota took months to order its huge of other models over gas pedals.

For the Lexus recall, Toyota dealers would update in the stability control system, is supposed to help prevent Toyota already had halted of new GX 460s and begun tests on all of the other SUVs.

The government the company of hiding the earlier involving gas pedals, a contention rejected though it agreed to pay the

Transportation Secretary Ray LaHood Toyota “put consumers at by failing to promptly notify about potentially defective pedals on 2.3 million vehicles. said Toyota knew the problem in late September but issue the recall until January, violating a federal law requires an automaker to notify the of a safety defect within business days.

“They did not disclose within days that there was a They didn’t disclose it for months, so we fined them the amounts and they decided to pay it and means they knew did something wrong,” LaHood reporters Monday in St. Louis. did try to hide it that’s what we them of — and they’ve to that.”


Toyota said it to the fine to avoid a lengthy battle but denied the government’s that it broke the law. In a Toyota acknowledged “that we have done a better job of relevant information within our operations and outside the company, but we did not try to a defect to avoid dealing a safety problem.”

The fine does not free from potential civil and penalties. The automaker still dozens of personal injury and death lawsuits in federal while federal prosecutors and the and Exchange Commission are conducting related to the recalls.

Attorneys Toyota owners said the was an attempt to limit the company’s prior to numerous legal

“This is being treated a speeding ticket or some traffic fine,” said W. Mark Lanier of Houston. plea is essentially. ‘We’ll pay as as we don’t have to admit

In monetary terms, the penalty is symbolic, given Toyota’s balance sheet. The company had assets of $23.6 billion as of 31 and has said it expects to post a net of $885 million for the fiscal that ended March 31.

Toyota Fine-S

The previous record fine was $1 paid by General Motors in for responding too slowly on a recall of 600,000 vehicles over wiper failure.

Toyota the recall to address sticking in January, affecting popular such as the Camry and Corolla. The has recalled more than 8 vehicles worldwide because of problems in multiple models and issues in the Prius hybrid.

The was based upon timelines by Toyota that showed it had about the defect at least Sept. 29, 2009, when it repair procedures to distributors in 31 countries to address complaints of pedals, sudden increases in RPM and unexpected vehicle acceleration.

The also indicated that knew that owners in the had experienced the same problems.

The penalty is the largest the government assess under a 2000 safety law enacted after a recall of Bridgestone/Firestone Inc. Consumer advocates have lawmakers to increase the penalties, that they fail to act as a deterrent.

Without the cap, lawyers said Toyota have faced fines of billion, or $6,000 for each of 2.3 vehicles that were with defective pedals.

officials have not ruled out fines. The department is reviewing Toyota delayed for six weeks the January recall of the 2009—2010 in the United States to address mats that could accelerator pedals after a similar recall in Canada.

recalled the Venza in Canada in and reported to the U.S. government on 16 that the floor mats move forward and interfere the pedal. Toyota told authorities at the time that the mats in question were not into the U.S. but the Venza was to the floor mat recall in late

Toyota Fine-S
Toyota Fine-S
Toyota Fine-S

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