Toyota agreed today to pay two more safety fines, which means a total of $32.4 million. For those who don’t know, the Japanese manufacturer was given the maximum allowable under U.S. law, raising the total to $48.8 million – the amount that Toyota has agreed to pay in civil penalties this year.
Apparently, federal investigators decided to give these safety fines to Toyota due to the fact that the Japanese manufacturer didn’t notified regulators of safety defects in time.
According to our sources, the three fines received by Toyota were the maximum permitted under the federal law at the time the alleged violations occurred.
As expected, the total amount was the highest received by a car manufacturer over the years. For those who still don’t know, one investigation settled today involved the recalls of light trucks for alleged loss of steering control, while the other involved the unintended acceleration caused by pedal entrapment.
"Toyota is pleased to have resolved these legacy issues related to the timeliness of prior recalls dating back to 2005," Steve St. Angelo, Toyota's Chief Quality Officer for North America, said in a statement. "As we have demonstrated in recent months, our North American operations now have a greater voice in making safety decisions, and we are taking appropriate action whenever any issues emerge." [via autonews - sub. required]