Subscribe Register Login

Monday, July 28, 2014, 1:47 p.m.
Top Picks - Capture Arkansas

U.S. files charge against Toyota; $1.2 billion penalty

By The Associated Press

This article was originally published March 19, 2014 at 8:48 a.m. Updated March 19, 2014 at 11:04 a.m.

WASHINGTON — The government announced a $1.2 billion settlement with Toyota Motor Corp. on Wednesday and filed a criminal charge alleging the company defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles.

Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company. Under a deferred prosecution agreement, an independent monitor will review policies, practices and procedures at the company.

The action concludes a four-year criminal investigation into the Japanese automaker's disclosure of safety problems, which focused on whether Toyota was forthright in reporting problems related to unintended acceleration troubles.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comment on: U.S. files charge against Toyota; $1.2 billion penalty

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

Oldearkie says... March 19, 2014 at 6:24 p.m.

Are consumers getting money back? Snicker, snicker

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Salesperson

    russellville, searcy areas need one salesperson (woman/man) ...
    Little Rock, AR

  • Lpns

    3-11 shiftPRN all shiftsLTC exp. preferredApply in person ...
    JACKSONVILLE, AR

  • Medical technologist

    ft- very competitive pay and benefits! Northeastern Nevada ...
    Elko, NV

  • Drivers

    class a cdl Drivers with 2 yrs experience and clean driving...
    Little Rock, AR

  • Finish heavy equipme

    Redstone Construction Group has the following positions avai...
    LITTLE ROCK, AR

Search 893 jobs >

Top Picks - Capture Arkansas
Arkansas Online