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Toyota expected to pay $16.4 mn US fine: Source

Toyota expected to pay $16.4 mn US fine: Source
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First Published: Mon, Apr 19 2010. 08 50 AM IST
Updated: Mon, Apr 19 2010. 08 50 AM IST
Washington: The Obama administration expected Toyota Motor Corp on Monday to agree to pay a record $16.4 million fine over US government allegations the company knowingly delayed a massive accelerator pedal recall in January, a source familiar with the matter said on Sunday.
Toyota is “accepting responsibility for hiding this safety defect” from the National Highway Traffic Safety Administration “in violation of the law,” a senior Transportation Department official told Reuters.
The decision to pay the fine does not release Toyota from potential liability in legal cases related to recalls in 2009 and this year over unintended acceleration in Toyota and Lexus vehicles, the source said.
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First Published: Mon, Apr 19 2010. 08 50 AM IST
More Topics: Toyota | Japan | US | Automaker | Lexus |