Toyota Set To Pay $1 Billion For Unsafe Autos — TIME

29 Янв 2015 | Author: | No comments yet »

Toyota Will Pay $1.2 to Settle Probe In Safety

A visitor passes the Toyota Corp. logo on display at the showroom in Tokyo, Feb. 12, Kiyoshi Ota—Bloomberg/Getty Images

The Department announced Wednesday one of the fines ever imposed on an After a four-year investigation, the found that the company the government and the public about issues in its autos

Updated 10:15 ET

Toyota pay penalties amounting to $1.2 to end a criminal investigation into its of dangerous unintended acceleration of its one the largest fines ever on an auto maker.

The investigation after an off-duty California Patrolman and his family barreled off a at 120 miles an hour and were despite desperate attempts to the borrowed Lexus they driving.

The Justice Department’s four-year found that Toyota had the government and the public about issues in its autos, U.S. General Eric Holder Wednesday. “ Rather than disclosing and correcting safety about which they aware, Toyota made public statements to consumers and inaccurate facts to Members of Holder said.

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Dozens of people had died as a of unwanted acceleration, Rep. Towns, D.-N.Y. chairman of the Committee on Oversight and Government said in 2010.

Toyota it has moved to address many of the raised in the investigation. “We have fundamental changes across our operations to become a more company – listening better to our needs and proactively taking to serve them,” said North America’s chief officer, Christopher P. Reynolds.

The automaker’s deal with the of Justice includes a deferred agreement, which allows to avoid criminal charges it pays the $1.2 billion immediately and follows the terms of the

General Motors is also federal investigation after not a deadly default in its vehicles, led to a recall of 1.6 million cars month.

Holder said the investigation serve as a model for future of auto companies. When about General Motors, said “t he announcement we’re today is reflective of the aggressive we intent to take” in the future.

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— Bloomberg

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