For recalls Toyota has to pay a fine worth thirty two million forty thousand dollars
The Japanese auto major, Toyota Motor Corp which had suffered a chain of high -profile recalls will have to shell out thirty two million and forty thousand dollars in fines as stated by the US Department of Transportation on Monday. The penalty amount is the maximum that has been fixed by the law.
For two different instances the fine had been charged. Toyota got penalized with sixteen million and three hundred and seventy five thousand dollars for the process in which it handled the recall of almost five million of its cars that have problems with accelerator pedals that could get trapped by floor mats.
The automobile firm also got fined another sixteen million and five thousand dollars for not properly conveying the message of a safety defect to the National Highway Traffic Safety Administration that could have resulted in the loss of steering of a car.
In the month of April the auto company agreed to pay the sum of sixteen million three hundred and seventy five thousand dollars for the third time for having defects of the sticky pedals. At that time the Department of Transportation pointed out that Toyota did not inform the department of the defect within five days of getting to know about the defect.
The fined put together comes around forty eight million and eighty thousand dollars for Toyota for the year 2010 including the fine imposed on Monday.
The secretary of Transport Department, Ray LaHood stated that safety is of top most importance for the department and the department takes the responsibility of protecting consumers seriously. He went on to say that he was pleased that Toyota agreed to pay the penalty and the auto company will definitely work in unison with the department in the future to ensure consumer safety.
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