U.S. says Toyota to pay $1.2 billion penalty over safety issues
- 10 years ago
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Toyota Motor Corp will pay $1.2 billion to resolve a criminal probe into its handling of consumer complaints over safety issues, the U.S. Justice Department said on Wednesday.
Toyota admitted it misled American consumers by concealing and making deceptive statements about two safety issues, each of which caused a type of unintended acceleration, the Justice Department said.
The faulty acceleration prompted Toyota to recall millions of vehicles, beginning in 2009.
(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:
"Today, we can say for certain that Toyota intentionally concealed information and misled the public about the safety issues behind these recalls."
The settlement resolves a four-year investigation by U.S. authorities.
(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:
"As part of the settlement of this case, Toyota will fully admit wrong doing. It will
Toyota Motor Corp will pay $1.2 billion to resolve a criminal probe into its handling of consumer complaints over safety issues, the U.S. Justice Department said on Wednesday.
Toyota admitted it misled American consumers by concealing and making deceptive statements about two safety issues, each of which caused a type of unintended acceleration, the Justice Department said.
The faulty acceleration prompted Toyota to recall millions of vehicles, beginning in 2009.
(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:
"Today, we can say for certain that Toyota intentionally concealed information and misled the public about the safety issues behind these recalls."
The settlement resolves a four-year investigation by U.S. authorities.
(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:
"As part of the settlement of this case, Toyota will fully admit wrong doing. It will