TV News LIES

Thursday, Dec 08th

Last update05:20:13 AM GMT

You are here News Of Special Interest U.S. says Toyota to pay $1.2 billion over safety issues

U.S. says Toyota to pay $1.2 billion over safety issues

E-mail Print PDF

ToyotaToyota Motor Corp will pay a record $1.2 billion to resolve a criminal investigation into its handling of consumer complaints over safety issues, the U.S. Justice Department said on Wednesday.

Toyota admitted it misled American consumers by concealing and making deceptive statements about two safety issues, each of which caused a type of unintended acceleration, the Justice Department said.

It is the largest such penalty levied by the United States on an auto company, officials said.

Prosecutors filed criminal charges against the company but agreed to defer and drop them if the company allows an independent monitor to review its safety practices and if it abides by the terms of the deal.

Toyota is "effectively on probation for three years," U.S. Attorney Preet Bharara, whose office conducted the investigation, said at a press conference announcing the settlement.

More...


Most Recent Related Stories...


Magnitude-6.5 earthquake reported off Northern California

Earthquake off No. CaliforniaA 6.5 magnitude earthquake struck Thursday morning off the Northern California Coast that was felt in...

Hillary’s Popular Vote Lead Passes 2.5 Million

Hillary popular voteHillary Clinton’s lead in total votes over President-elect Donald Trump has reached 2,526,184 as ballots continue...

Trump picks retired General ‘Mad Dog’ Mattis for secretary of defense

Trump picks Mad Dog Mattis for Sec. of DefenseDonald Trump intends to nominate Gen. James Mattis, one of the most respected military men of...

Winter closes in on refugees fleeing Iraq's Mosul

Winter closes in on Mosul refugeesPushing his way through dozens of people, Iraqi teacher Umar Salah carries four bags containing 15...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!