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 investigation found that had misled the government and the public safety issues in its autos, Attorney General Eric announced Wednesday. “ Rather promptly disclosing and correcting issues about which were aware, Toyota misleading public statements to and gave inaccurate facts to of Congress,” 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 said it has moved to many of the issues raised in the “We have made fundamental across our global operations to a more responsive company – better to our customers’ needs and taking action to serve said Toyota North chief legal officer, 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 could serve as a model for probes of auto companies. asked about General Holder said “t he announcement making today is reflective of the action we intent to take” in the

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Toyota WiLL
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