Cars
Today Toyota agreed to pay it's relatively meaninglessly 16.4 million dollar fine regarding its sticky-pedal recall.
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- U.s. Government Slaps A $1.5 Million Fine On Volvo For Delayed Recall Reporting
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- Global Nightmare? Toyota Accelerator Pedal Recall Spreads To Europe, 1.1 Million More Cars Added To U.s. Recall
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Cars
Toyota Set to Pay $16.4 Million Fine "To Avoid Litigation" on Sticky-Pedals
Today Toyota agreed to pay it's relatively meaninglessly 16.4 million dollar fine regarding its sticky-pedal recall.
Meaningless not only because that the capped fine is less than a drop in the bucket to Toyota (Automotive News reports it will be below 2% of net income for the financial year ending March 31), but also because they're side-stepping all real penalties in relation to the safety debacle they caused.
Without a cap, fines could have been up to $6,000 per vehicle, or $13.8 Billion total.
Read more »
- Vw Diesel-gate Gives A Whole New Meaning To This Ad, Doesn't It?
It’s the shebang that launched a thousand consequences, like a multi-billion dollar fine in the US, heads rolling in the German giant and a huge recall on 11 million cars worldwide. Read more »...
- Toyota Pays Nhtsa Record $17.35 Million For Delaying Lexus Rx Recall On Pedal Entrapment Issue
For the fourth time since 2010, Toyota has been fined the maximum penalty for delaying recalls. On Tuesday, the National Highway Traffic Safety Administration (NHTSA) announced that it has slapped Toyota with a record $17.35 million (€13.15 million...
- U.s. Government Slaps A $1.5 Million Fine On Volvo For Delayed Recall Reporting
Swedish premium carmaker Volvo has agreed to pay a US$1.5 million (€1.2 million) fine to settle U.S. government allegations that the company's North American division failed to report safety defects and noncompliances to federal regulators...
- Nhtsa Drops A $3 Million Fine On Bmw For Untimely Reporting Of Recalls
U.S. federal safety regulators have slapped a $3 million (€2.3 million) fine on BMW North America for delays in reporting and not providing enough information on its safety defects and recalls. The fine will be paid into the Treasury Department's...
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