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U.S. fine to settle probe delivers relief for Toyota

By The Associated Press

This article was published March 20, 2014 at 11:02 a.m.

TOKYO — Toyota Motor Corp., headed to a record profit, can afford the $1.2 billion fine levied by the U.S. government for hiding information about defects in its cars.

Toyota President Akio Toyoda declined to comment directly Thursday on the U.S. settlement, in which the Japanese automaker said it hid information about defects that had caused unintended acceleration in Toyota and Lexus vehicles, resulting in injuries and deaths.

Toyota is expecting a record profit $19 billion for the fiscal year ending March 31, a doubling of profit from the previous fiscal year.

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


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