4.19.2010

Toyota Agrees To Pay $16.4 Million Fine To U.S. Government


Toyota has agreed to pay a record civil fine of $16.4 million levied by the U.S. Government, which says Toyota "knowingly hid a dangerous defect".

The trouble for Toyota isn't so much the money (2% of its projected net income this year) as the precedent it sets for possible future fines and lawsuits.

Full story from Automotive News (free registration required).

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