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Toyota accelerator pedal defects due to $ 1.2 billion agreed to pay fines

2014-07-12 10:34:51
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[Summary] Toyota admitted misleading statements issued on vehicle safety issues, mislead and deceive consumers. Agreed to pay $ 1.2 billion fine to settle a criminal investigation by the U.S. for its failure unintended acceleration gas pedal problem since 2009.

U.S. Department of Justice announced on the 19th,ToyotaCar company agreed to pay $ 1.2 billion fine to settle U.S. criminal investigation of its failure due to unintended acceleration gas pedal problem since 2009. This is the highest fines ever U.S. government imposed the vehicle manufacturers.

Under the settlement agreement reached between the parties, Toyota admitted misleading statements issued on vehicle safety issues, mislead and deceive consumers. The settlement includes an agreement to delay the prosecution, that is, if Toyota comply with the terms of the settlement agreement, the U.S. government accused the company will release in three years.

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