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

15 Май 2015 | Author: | No comments yet »
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 … 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 reports of glitches in 2009, Toyota has recalled of cars and has paid at least billion in lawsuits involving accelerations, USA Today reported.

has cooperated with the U.S. office in this matter for than four years, a spokeswoman said. During time, we have made changes to become a more and customer-focused organization, and we are committed to improvements.

Though the investigation has cost billions of dollars and much of its some believe the automotive can make a comeback.

While the probe) price tag represents a resolution, Toyota can put this behind it to fully focus on and future challenges in a highly market, Karl Brauer, analyst for Kelley Blue said in a statement.

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

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