Report: Toyota Could Face Government Fine for Delayed Recalls
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]