Toyota Will Pay Out $1.2 Billion In Fines

The Japanese car manufacturer Toyota will pay a fine of $1.2 billion to United States to close an investigation initiated in 2010 about security problems in some of its vehicles.

In 2009 the car maker warned that more than ten million Toyota and Lexus vehicles, mostly in the United States, had several problems, including defective brakes, pedals and carpets.

Between 2010 and 2012, Toyota paid fines totaling $66 million for delays in reporting problems in the acceleration system.

US Attorney General Eric Holder, said it’s the largest financial penalty imposed to a car manufacturer.

Christopher P-Reynolds, legal head of Toyota in the United States said that «we shall be liable for any problem that our actions have caused to customers, and are dedicated to earn your trust».

Please follow and like us: