U.S. Fine to Settle Probe Delivers Relief for Toyota — DailyFinance

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U.S. Fine to Settle Delivers Relief for Toyota

by The Press Updated Mar 20th 6:36AM Mar 20th 2014

Updated Mar 20th 2014

Alex Wong/Getty Images Attorney General Eric said Wednesday that would pay a $1.2 billion to settle charges the company hid about defects in its cars. By KAGEYAMA

TOKYO — Motor (TM ), headed to a record can afford the $1.2 billion levied by the U.S. government for information about defects in its If anything, the settlement may even relief for Toyota shareholders and as a sign the automaker has put the four-year debacle behind it.

Toyota Akio Toyoda declined to directly Thursday on the U.S. in which the Japanese automaker it hid information about defects had caused unintended acceleration in and Lexus vehicles, resulting in and deaths.

All that Toyoda told was what he has repeatedly said We have returned to basics and are customers first.

He said he had to add to a company statement that it had changed its operations to become responsive.

The recall fiasco has Toyota to take measures, empowering regional management, up checks into complaints and more care and time product development.

Starting in Toyota announced one recall another for a variety of problems, sticky gas pedals, faulty and ill-fitting floor mats eventually covered more 14 million vehicles. The $1.2 fine is the largest of its kind imposed on an auto company.

can now bring the curtain down on the affair and focus on its real said Shigeru Matsumura, with SMBC Friend Its momentum is back in the U.S.

When the recall mess Toyota was still reeling the hit it took from the global slowdown after the collapse of Brothers.

More recently, was badly hurt by the earthquake and disaster in northeastern Japan in which destroyed suppliers of and disrupted car production.

These Toyota is on a roll. It has been by a weakening of the yen, which the value of overseas earnings for exporters.

Toyota, which the Prius hybrid, Corolla and Lexus luxury models, is a record profit of 1.9 trillion yen billion) for the fiscal year March 31,

a doubling of profit the previous fiscal year.

Sales are doing so well Toyota, the No. 1 automaker in the world in sales for the last two years, it’s on its way to selling more 10 million vehicles a year a feat never accomplished in history.

There is also a Toyota could benefit the U.S. government investigation General Motors (GM ), which is as Toyota’s ends, allowing to grab market share in the although manufacturers such as Motor (F ) that make similar to GM are the more likely

The U.S. market is still a big for the world’s automakers. But they are all to grow in other markets, as China. Toyota may face obstacles in other markets, as it gets over the U.S.

Toyota Fine-S

Toyota suffered a sales in China in 2012, when sentiment exploded over a dispute.

Toyota officials are banking heavily on China, a government decision to support vehicles to counter epic could work as a plus for Toyota is a world leader in technology.

Potholes wait in the world as shown in the lockout of at Toyota’s India plants, Bangalore, which began week over a wage

Even good fortune can frightening.

Toyota is doing so some superstitious pessimists are to the 10 million-vehicle mark as a possible Matsumura said jokingly.

It was after then-president of Toyota, Watanabe, announced a sales of 10 million vehicles that lapses began to skyrocket

Satoru Takada, analyst at the Infinite World, a research in Tokyo, laughs at the idea, the global pie is growing as sales in emerging markets and 10 million no longer sound highly

That will just be passing milestone for Toyota. it’s going to be 20 million he said. What counts for is that it avoided further consequences. It’s over. I am it feels totally refreshed.

the grandson of the automaker’s founder, has afterward that he had headed to the grilling by U.S. Congress unintended acceleration problems, to have his career ended. had become Toyota president a few earlier.

When the Congressional was over, he cried at a meeting of dealers selling Toyota Four years later, he has one of the most successful Toyota in recent history.

He has said the automaker had grown too But today it is still growing and as as ever.

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