It 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 t
23REPORTS: Massa recovering but may never race again, Renault suspended for safety infraction [UPDATE]
In a development mirroring countless racing movies, Felipe Massa's doctors say that the injured driver is showing progress in his recovery, but that he may never race again. The Brazilian pilot, who narrowly missed winning the title last year, was knocked unconscious on Saturday by a loose component off the car of fellow countryman Rubens Barrichello – who coincidentally used to hold Massa's seat at Ferrari – and taken to the hospital in Budapest. Although Massa's injuries are no lon
The Post-Standard reports that DaimlerChrysler (DCX) paid the state of New York $1.5 million as a penalty for not providing 300 new jobs at the automaker's New Process Gear plant. DCX had made a promise to provide the jobs back in 2002 in order to obtain a $2.5 million grant from the state.