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Feds Seeking $16M Maximum Penalty Against Toyota


NickF1011

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From AP:

 

WASHINGTON -- The U.S. Transportation Department says it is seeking the maximum penalty of $16 million against Toyota for failing to notify the government promptly about defective gas pedals among its vehicles.

 

Transportation Secretary Ray LaHood says the department has evidence that Toyota knew of the problem with sticking accelerators in late September but did not recall cars until late January.

 

The fine would be the largest civil penalty ever issued to an automaker by the government.

 

Toyota has two weeks to accept or contest the $16.375 million penalty.

 

Toyota has recalled more than 6 million vehicles in the United States and more than 8 million worldwide, because of acceleration problems in multiple models and braking issues in the Prius hybrid.

 

 

:reading:

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So they're still up $83.6 million! Oh wait, what did March incentive spending cost them? :hysterical:

 

Weren't they also losing something like $100million a week during the height of the pedal recall? All in all, it seems like they might be on the negative side of the ledger.

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