Toyota Felons? WASHINGTON — The government announced a $1.2 billion settlement with Toyota Motor Corp. on Wednesday and filed a criminal charge alleging the company defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles. click image to enlarge A Toyota Camry is shown after it crashed as it exited Interstate 80 in Wendover, Utah, in this Nov. 5, 2010, photo released by the Utah Highway Patrol. Police suspected problems with the Camry’s accelerator or floor mat caused the crash that left two people dead and two others injured. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company. Under a deferred prosecution agreement, an independent monitor will review policies, practices and procedures at the company. The action concludes a four-year criminal investigation into the Japanese automaker’s disclosure of safety problems, which focused on whether Toyota was forthright in reporting problems related to unintended acceleration troubles.
Posted on: Wed, 19 Mar 2014 16:18:33 +0000
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