Toyota Agrees to Pay $1.2 Billion Settlement to Justice Department — US News

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Toyota Fine-S

Toyota Agrees to Pay $1.2 Settlement to Justice Department

investigation into Toyota after it agrees to pay one the largest in U.S. history.

By Katherine March 19, 2014 Comments

The Justice Department announced it will close the criminal of Toyota’s handling of a defect, a $1.2 billion settlement.

The settlement is the largest fine on an automotive company in U.S. USA Today reported.

According to The New Times. automakers are not typically “criminally liable” for defects or and rarely pay significant fines for However, officials revealed it is the way handled the defects that in the hefty fine.

Today we can say for that Toyota intentionally information and misled the public the safety issues behind recalls, Attorney General Holder said in announcing the Put simply, Toyota’s conduct was

The investigation began in 2009 numerous complaints regarding a in Toyota cars that the car to suddenly accelerate without any being applied to the accelerator. same year, an incident an off-duty highway patrolman and his involuntarily zipping to speeds of 120 mph in a ultimately resulted in the death of the and placed Toyota under scrutiny.

Toyota Fine-S

The unintentional acceleration that originally attributed to the gas pedal stuck under the floor was ultimately deemed to be a faulty system, The Los Angeles Times The justice department’s four-year eventually affirmed that “mislead” the public and the government safety problems revealed in internal audits.

Since the of glitches began in 2009, has recalled millions of cars and has at least $1.6 billion in involving unintentional accelerations, USA reported.

Toyota has cooperated with the attorney’s office in this for more than four a Toyota spokeswoman said. that time, we have fundamental changes to become a responsive and customer-focused organization, and we are to continued improvements.

Though the has cost Toyota billions of and much of its reputation, some the automotive giant can make a

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, Brauer, senior analyst for Blue Book, said in a

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

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