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]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
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Toyota has been involved in a cover-up of its accelerator pedal issues, possibly dating back to 2002. This 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.
I own a 2003 Toyoto Camary that I purchased new that year. I took it back to the Dealer twice complaining about the brake problem I was having. I was told that it was how the anti-lock brakes would respond sometimes and that there was nothing wrong with the brakes. My car has no more than 20,000 miles on it because I was afraid to drive it that often especially on wet pavements. There are periodic delays in stopping on wet or bumpy surfaces especially where there is a slight incline in the road. I hope now they will have to add the 2003 to the re-call list.