Toyota Pays $1.2 Billion to Settle Criminal Charges

//Toyota Pays $1.2 Billion to Settle Criminal Charges

Toyota Pays $1.2 Billion to Settle Criminal Charges

By David Mittleman

Stuck pedal because of faulty floor mats in Toyota 2009 and 2010 vehicles

Toyota to Pay $1.2 Billion to Avoid Prosecution

GM isn’t the only car maker in deep trouble with federal regulators lately–Toyota recently announced that it would pay $1.2 billion to avoid prosecution for its role in 37 deaths caused by safety problems in some of its 2009 and 2010 vehicles. Specifically, Toyota’s crimes stem from a sudden acceleration problem and stuck pedals in 2009 and 2010, and recent investigation has uncovered that Toyota knew about the problem for a while prior to issuing a recall of …read more

2014-03-21T14:44:00+00:00Blog|