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20Done Deal: Toyota wires $16M fine payment to U.S. Treasury

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.

46Toyota will pay $16.4M fine, denies wrongdoing

Just yesterday, we told you that Toyota was reportedly set to pay the full $16.4 million fine to the U.S. government, so long as the automaker would not be required to admit any wrongdoing. Well, the 'T's have been crossed, the 'I's have been dotted, and the official statements have been released. The largest civil fine ever issued to an automaker by the U.S. government will be paid by way of electronic funds transfer, and will take place within the next 30 days. For what it's worth, The Detroit

3Autoblog Podcast #173 - with Jon Linkov from Consumer Reports

Click above for the Autoblog Podcast in iTunes, RSS or listen now!

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