• May 18, 2010
Toyota has officially handed over every last cent of its $16.4 million fine for not notifying the National Highway Transportation Safety Administration of potential defects in a timely manner. That figure marks the largest fine possible under the law, though by paying it, the Japanese automaker has somehow managed to skip out on admitting any wrong doing. We're still having a hard time wrapping our fragile journo minds around that one.
NHTSA came down hard on Toyota for bumbling the recall of accelerator pedals that wouldn't spring back once depressed. Meanwhile, the automaker claims it did everything it was supposed to in handling the problem and notifying the government of the issue. Even so, Toyota has declined to fight the "civil penalty" or appeal the government's decision. The cash will be put directly into the U.S. Treasury.

Toyota is also under investigation for all-weather floor mats that could have contributed to the rash or unintended acceleration claims that cropped up in recent months as well as steering linkage issues in older T100 pickups and 4Runner models. The NHTSA has yet to rule on either of those issues.

[Source: Reuters]


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  • 20 Comments
      • 4 Years Ago
      Seriously, how can every comment on a blog whetrr your talkin about cars or fluffy bunnies turn into a politcal crying session about "The War!" get your own blog darn it! We want our cars back!
      • 4 Years Ago
      HAHAHAHAH! $16 million? That's like trying to defeat the enemy by sinking a few old battleships at anchor.

      Watch Toyota return with vengeance and nuke Detroit into unconditional submission.
        • 4 Years Ago
        @Dr. Greenthumb: I sure hope that the US 3 finally got it. I'm really hoping here that their management is not same ole same ole. So far, I've only seen it in Ford. In the past, D3 would put out a good car, better then the competition, then let it linger for 8 years before updating it. (remember how awesome the early 90s taurus was compared to everyone else? then it went down hill. While other manufactures may not put out as good of a car at first, they will continually improve it, after a while it's a better car. US manufacturers have gotten used to "it's good, our work is done".
        • 4 Years Ago
        Dude, even without their troubles, Toyota was already giving ground. Nissan, Hyundai & Honda were gaining at their expense.

        This in no longer 1970s or 1980s, the domestics finally got off their collective a$$e$ and are putting up a credible fight.

        Ford is further along than GM, who is further along than Chrysler, but the battle has been joined.

        Toyota's best sellers Camry & Corolla are under serious attack from all angkes, they will eventually wilt under the pressure.
        • 4 Years Ago
        Huh? The fine had nothing to do with "defeating" an "enemy".
        And I don't think Toyota will be nuking anyone.
      • 4 Years Ago
      thank you for your admission of guilt.

      Your payment can go to fund the Afghanistan war for the next 2 and a half hours.
        • 4 Years Ago
        Nothing like spending $100 billion a year destroying a country with a GDP of $11 billion annually...

        Granted the opium trade is lucrative, but not counted...
      • 4 Years Ago
      A Predator Drone costs $5 million a piece.
      A Hellfire missile for it costs about $68,000 a piece.

      The look on my face when I found out that for every drone attack we kill 25 civilians per one terrorist was PRICELESS.
        • 4 Years Ago
        [citation needed]
        • 4 Years Ago
        I can careless about your face, Predator drones are awesome!
      • 4 Years Ago
      Well, I like Toyota, not D3.
      • 4 Years Ago
      This fine is small in relationship to the cost that Toyota has incurred in terms of customers' perceptions. There have been a number of consumer surveys that indicate that automobile buyers no longer perceive Toyota as being the the high quality producer that they once were. Future lost sales to other upcoming brands--such as Hyundi--will cost Toyota far more than the $16m fine.

      Tim Mojonnier

      http://www.philosophiesofbusiness.com/blog/
      • 4 Years Ago
      "Toyota wires $16M fine payment to U.S. Treasury."

      Hold up Toyota! Since you're so generously wiring funds, my bank account number is . . .
      • 4 Years Ago
      Not really much of a fine, considering a superbowl ad can cost 3 million alone.
        • 4 Years Ago
        That's actually quite a significant fine, considering they never proved anything was wrong...

        I'd say that Toyota was lucky they had the money in the bank to make this go away, considering the slim margins automakers operate within--but then, they wouldn't have been targeted in the first place if they weren't doing so well while others (with a U.S. government interest) suffered.
      • 4 Years Ago
      It's a "no contest" payment. As long as they do not get caught doing the same thing from this point, their record is expunged. ;-)
        • 4 Years Ago
        Yes, but they just screwed themselves in every civil lawsuit that will be filed against them. Then again, Toyota tends to have more and better funded lawyers than your average Joe, so perhaps they'll win by attrition.
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