As though Toyota needed any more to deal with right now, the automaker could face a fine from the Federal Government for not acting quickly enough in issuing recalls. Legally, automakers that don’t issue recalls in a timely manner can be stuck with a fine for as much as $16.4 million. That amount, however, pales in comparison to the almost $2 billion that Toyota says the recent recalls will cost the company.
On Wednesday Transportation Secretary Ray LaHood said that until then Toyota had been uncooperative in working with the government and that it had taken a considerable effort to get the automaker to issue recalls.
To date, the largest fine the DOT has dolled out was to General Motors, for $1 million.
Toyota has said it has received no word tat a fine is pending.
[Source: Automotive News via eGMcartech]
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Toyota has been involved in a cover-up of its accelerator pedal issues, possibly dating back to 2002.
February 5th, 2010 at 2:21 pmThis current recall of more than 2 million vehicles has Toyota drivers either stranded or risking injury driving to work.
If you feel you were the victim of unintended acceleration, please consult this Web site for important legal information: http://www.toyota-class-action-lawsuit.com/
Toyota is also set to announce a recall on nearly a quarter-million Prius cars due to a malfunctioning brake system.