Toyota Agrees To Pay $16.4 Million Fine For Disclosure Delays Admits No Guilt

Toyota Motor Corp. agreed to pay the largest fine in history for failing to recall 2.3 million vehicles for at least four months.

"By failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk," Transportation Secretary Ray LaHood said. "I am pleased that Toyota has accepted responsibility for violating its legal obligations to report any defects promptly.

"We are continuing to investigate whether the company has lived up to all its disclosure obligations."

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Agent63 - 4/19/2010 12:22:26 PM

+1 Boost

Things are getting worse for Toyota it seems. First recalls now fine for disclosure delays.

Agent009 - 4/19/2010 12:46:53 PM

+3 Boost

According to the NHTSA this may only be the first of the fines. The best thing for Toyota to do in this case may be to lay low and just take it.

PerformanceGuy - 4/19/2010 1:20:35 PM

+4 Boost

By agreeing to pay the fine, they are already admitting guilt. They just don't have the backbone to say it, and that is very disappointing.

Joe_Limon - 4/19/2010 2:25:51 PM

+3 Boost

uaw_lax - 4/19/2010 4:29:25 PM

+1 Boost

Why would anyone buy a car from a company like that?

pepito66 - 4/19/2010 4:25:44 PM

-1 Boost

Federal Goverment must charge even more with another FINE because they lie again with the LEXUS SUV, and now they testing the all SUV range ???? Why ?? if not tested before sale to customers ????? is to much. STOP LIERRRRRR....and speak clear.