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Toyota agrees to pay $16.4m fine Toyota agrees to pay $16.4m fine
(10 minutes later)
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 said it would recall its 2010 Lexus GX 460 - after concerns were raised about its potential for rolling over. 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.