Toyota logoIt looks like Toyota isn't finished shelling out cold, hard cash for its transgressions in handling its recalls. According to the Associated Press, the automaker has agreed to pay another $32.4 million in civil penalties. The money will effectively settle an inquiry into how Toyota handled recalls associated with both sticking accelerator pedals and faulty steering rods. The new penalty is stacked on top of the already record-setting $16.4 million that Toyota paid earlier this year, and brings the grand total up to a hefty $48.8 million. Even with that steep price tag, AP says that by agreeing to pay the fines, Toyota isn't admitting to any wrongdoing.

The federal government contends that Toyota failed to notify officials in a timely manner when the automaker discovered potential safety defects. Meanwhile, Toyota seems to be willing to do whatever it takes to put the safety fiasco behind it so that the company can move forward.

[Source: AOL Autos]