Monday, April 5, 2010

News Alert: Government Plans to Seek $16.4 Million Penalty Against Toyota for Recalls

Breaking News Alert
The New York Times
Mon, April 05, 2010 -- 3:53 PM ET
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Government Plans to Seek $16.4 Million Penalty Against Toyota for Recalls

The Transportation Department says it's seeking the maximum
penalty, more than $16 million, against Toyota for failing to
promptly notify the government about defective gas pedals
among its vehicles.

The fine would be the largest civil penalty ever issued to an
automaker by the government.

Transportation Secretary Ray LaHood says evidence shows that
Toyota knew of the problem with sticking gas pedals in late
September but did not issue a recall until late January.

Read More:
http://www.nytimes.com?emc=na

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