Toyota Motor Corp. has been charged to pay a fine of $16.4 million for its failure to give notice to the Department of Transportation of a “sticky pedal” defect in its cars for at least four months. There has been an option for the car company to stand against the charges. However, the company has told the government it will sign legal documents Monday agreeing to pay the maximum civil penalty of $16.375 million. Most likely, the company will pay the fine and will not stand against it. They were given 30 days to pay the fine. This agreement will not free Toyota does not release Toyota from any potential criminal liability or civil liability related to the sticky-pedal defect. The fine given to them has been the largest fine ever given to an automaker. Under federal regulations, automakers are required to inform the agency within five days of determining that a safety defect exists in one of its products. Latest Update on Toyota: They Will Likely to Pay $16.4 Million Fine is a post from: Daily World Buzz
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Latest Update on Toyota: They Will Likely to Pay $16.4 Million Fine
