Toyota To Pay US $1.2 Billion For Deadly Defect Coverup

Toyota To Pay US $1.2 Billion For Deadly Defect Coverup

Via AFP:

Toyota Motor Corp. will pay $1.2 billion to settle US criminal charges that it lied to safety regulators and the public as it tried to cover up deadly accelerator defects.

The Japanese auto giant eventually recalled 12 million vehicles worldwide in 2009 and 2010 at a cost of $2.4 billion as the scandal over sudden, unintended acceleration spread and tarnished its once-stellar reputation.

"Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to members of Congress," Attor...

Continue reading...


Comments

We welcome relevant, respectful comments. Please refer to our Terms of Service for information on our posting policy.