Toyota made all kinds of news during its recall woes, with one headline item being the record-breaking $32.4 million civil penalty it paid to the National Highway Traffic Safety Administration. The charge was levied by NHTSA because it considered Toyota tardy in announcing its recalls, and was almost twice the additionally record-setting $16.4 million fine that Toyota paid to address the recall itself. According to a report in Reuters, though, NHTSA Administrator David Strickland believes that s
BMW is handing over $3 million in fines to the National Highway Traffic Safety Administration over the way it has handled recalls. NHTSA began an investigation of BMW's practices in 2010, looking at 16 recalls that covered more than 300,000 of the company's cars and motorcycles going back in some cases to 2002.
Another day, another major story on Toyota's recent recall woes. As you may have already heard, the National Highway Traffic and Safety Administration – and particularly U.S. Transportation Secretary Ray LaHood – is less than pleased with the way Toyota has handled its various vehicle callbacks.
Every year, automakers that fail to meet the federally-mandated CAFE fuel efficiency standards receive fines in proportion to their gas-guzzling crimes. Last year, DaimlerChrysler set a record with a fine of $30,357,635.50, and that figure is proving tough to beat. Still, Mercedes-Benz, which made up half of the failed marriage that was DaimlerChrysler, tried its best to top itself by recording a whopping $28.9 million fine for cars produced in 2007, again taking the gold medal. Come on, guys, w
According to the NHTSA, more than $37 million in fines were collected last year for cars sold in 2007 from manufacturers that failed to meet current CAFE standards. Of the six manufacturers that paid fines, Mercedes-Benz was hit the hardest, racking up an astounding $28.9 million bill that was paid in December. That's a huge figure, especially in this troubled automotive market, but it's actually a bit smaller than the $30.3 million fine paid by DaimlerChrysler the previous year -- a figure that
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