As we reported yesterday, Toyota did formally announce that it is going to pay the fine the NHTSA and the Department of Transportation imposed on it, worth $16.4 million.
At the same time, the Japanese company didn’t admit any wrongdoing in regards to how it handled the two huge recalls it made at the beginning of the year. The fine was paid to avoid any other litigation and in order to show that the company is changing.
“We agreed to this settlement in order to avoid a protracted dispute and possible litigation, as well as to allow us to move forward fully-focused on the steps to strengthen our quality assurance operations. This will allow us to focus on delivering safe, reliable, high quality vehicles for our customers and responding to consumer feedback with honesty and integrity,” revealed the company in a prepared statement.
The decision was met with approval from Ray La Hood, the U.S. Transportation Secretary. He then said that other investigations are still underway against the Japanese carmaker so it isn’t over just yet.
“By failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk. I am pleased that Toyota has accepted responsibility for violating its legal obligations to report any defects promptly. We are continuing to investigate whether the company has lived up to all its disclosure obligations.”
The investigations already underway include the drifting Lexus GX460 and will also involve more House of Representatives hearings for Toyota officials.
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