TV News LIES

Thursday, Jun 30th

Last update05:20:13 AM GMT

You are here News Of Special Interest U.S. says Toyota to pay $1.2 billion over safety issues

U.S. says Toyota to pay $1.2 billion over safety issues

E-mail Print PDF

ToyotaToyota Motor Corp will pay a record $1.2 billion to resolve a criminal investigation 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.

It is the largest such penalty levied by the United States on an auto company, officials said.

Prosecutors filed criminal charges against the company but agreed to defer and drop them if the company allows an independent monitor to review its safety practices and if it abides by the terms of the deal.

Toyota is "effectively on probation for three years," U.S. Attorney Preet Bharara, whose office conducted the investigation, said at a press conference announcing the settlement.

More...


Most Recent Related Stories...


IKEA recalls 36 million chests and dressers after six deaths

Ikea recalls dressersSwedish furniture company IKEA Group [IKEA.UL] is recalling almost 36 million chests and dressers in the...

US Senators kill gun control measures

US Senate votes down gun control lawsSenators voted on four measures -- two Democratic and two Republican -- that would have set...

End of California nuclear era: Last plant to close by 2025

california nuclear plants to close by2025California's last nuclear power plant will close by 2025 under an accord announced Tuesday, ending three...

Southern California wildfire grows to 1,700 acres, evacuations under way

California Sherpa wildfireResidents and visitors near Las Padres National Forest were evacuated Thursday as a wildfire continues to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!