Toyota to pay U.S. $32.4 million over recalls

Wednesday, December 22nd, 2010 Litigation Subrogation

Toyota has agreed to pay more than $32 million in penalties after two federal investigations that faulted the Japanese automaker for its handling of recent auto recalls, the U.S. Transportation Department announced Monday night. The fines -- $16.375 million in one case, and $16.05 million in another -- are the steepest allowed by law, the department said in a statement. They come amid on ongoing investigation that Toyota...


External References & Further Reading
http://www.cnn.com/2010/BUSINESS/12/20/toyota.recall.penalties/index.html
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