Toyota to pay record safety fine
Toyota Motor has agreed to pay a record $ 17. 4 million to the National Motorway Traffic Safety Administration for problems that caused a 2012 recall in among its Lexus designs. That's the largest fine enabled by law for a solitary examination. The federal safety company says that Toyota (TM) failed to state in a prompt manner a safety defect associated with its floor mats with the Lexus RX 350 crossover vehicle that could trap the vehicle's accelerator pedal and source undesirable acceleration. The company began noticing the problem in vehicle owner questionnaires and in May it questioned Toyota on the concern. A month later Toyota suggested NHTSA that it was aware of 63 alleged occurrences because 2009 involving the flooring mat in design year 2010 Lexus RX 350s.
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Ray Tanguay
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| -0.0314134 | "We agreed to this settlement in order to avoid a time-consuming dispute and to focus fully on our shared commitment with NHTSA to keep drivers safe," said Ray Tanguay, ... |
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Company: Toyota Motor
Overall Sentiment: 0.0576783
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Toyota to pay record safety fine
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Toyota Motor has agreed to pay a record $17.4 million to the National Highway Traffic Safety Administration for problems that led to a 2012 recall in one of its Lexus models.
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