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
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.
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