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Toyota agrees to pay $16.4m fine | Toyota agrees to pay $16.4m fine |
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Japanese car maker Toyota has agreed to pay a record $16.4m (£10.7m) to US safety regulators following recent safety concerns. | Japanese car maker Toyota has agreed to pay a record $16.4m (£10.7m) to US safety regulators following recent safety concerns. |
Toyota was asked to pay the fine for failing to inform the US government of safety concerns surrounding faulty accelerator pedals. | Toyota was asked to pay the fine for failing to inform the US government of safety concerns surrounding faulty accelerator pedals. |
Millions of Toyotas were recalled earlier this year amid reports that the pedals could become stuck. | Millions of Toyotas were recalled earlier this year amid reports that the pedals could become stuck. |
The fine is the largest ever handed out by the US transportation department. | The fine is the largest ever handed out by the US transportation department. |
Accelerator pedal problems forced Toyota to recall 2.3 million cars in the US in January, part of the eight million car recall worldwide. | Accelerator pedal problems forced Toyota to recall 2.3 million cars in the US in January, part of the eight million car recall worldwide. |
"I am pleased that Toyota has accepted responsibility for violating its legal obligations to report any defects promptly," said transportation department secretary Ray LaHood in a statement. | "I am pleased that Toyota has accepted responsibility for violating its legal obligations to report any defects promptly," said transportation department secretary Ray LaHood in a statement. |
"By failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk. " | "By failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk. " |
On Monday, Toyota also said it would recall its 2010 Lexus GX 460 - after concerns were raised about its potential for rolling over. | |
There have been about 9,400 of the vehicles sold since the SUV went on sale in late December. | There have been about 9,400 of the vehicles sold since the SUV went on sale in late December. |