Monday, April 19, 2010

Toyota agrees to record fine for failing to report sticking pedal problem

Here's the lede from the New York Times story:

Toyota is expected to tell the Transportation Department on Monday that it will pay a $16.4 million fine, the largest government penalty ever against an automaker, for concealing information related to its sticking pedal recall.

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Toyota is not expected to admit wrongdoing, and the fine does not release Toyota from civil or criminal actions. Numerous lawsuits have been filed against the carmaker, by crash victims and relatives of people killed in crashes, seeking billions of dollars.

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