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Toyota expected to accept $16.4 million fine

By Vicki Needham - 04/18/10 10:16 PM ET

With a Monday deadline looming, Toyota is expected to agree to pay a $16.4 million fine for failing to inform the government about a defective gas pedal. 

The automaker could accept or contest the fine for waiting four months to notify federal transportation officials about a problem with "sticky" gas pedals, according to a Transportation Department official who was not authorized to speak publicly and spoke only on the condition of anonymity, The Associated Press reported late Sunday. 

Toyota is expected to pay the full fine, the largest civil penalty levied against an automaker by the National Highway Traffic Safety Administration, rather than contest it in court. 

There has been talk of a second fine for Toyota but no decisions have been announced. 




Source:
http://thehill.com/blogs/on-the-money/corporate-governance/92939-toyota-expected-to-accept-164-million-fine

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