Federal safety regulators said Monday that they intend to fine Toyota Motor $16.4 million for for failing to disclose problems with sticky accelerator pedals to consumers at an early time. The National Highway Traffic Safety Administration disclosed that Toyota was at fault in failing to disclose the problems earlier, causing a 4-month delay in informing Toyota car owners of the massive recall. Toyota knew in September that it had a problem with accelerator pedals that required fixing, but failed to recall 2.3 million vehicles until January. The $16.375 million penalty is the maximum NHTSA can levy under law. Congress increased the penalties in 2000. Previously, its largest fine was $1 million against General Motors in 2004 for failing to disclose a defect with windshield wipers in 600,000 vehicles for more than two years. Toyota could face more fines in the long run. If you’re a reader who owns a Toyota vehicle, we highly recommend that you check the Official Toyota Recall List 2010 website for more information on the affected models of vehicles affected by the massive recall. $16.4M Fine Issued for Toyota Motors is a post from: Daily World Buzz
Read the rest here:
$16.4M Fine Issued for Toyota Motors
