Toyota agrees to pay $32.4m fines in US over recalls
Wednesday 22 December 2010
Toyota has agreed to pay $32.4m (£21m) in fines in the US after criticism it was too slow to respond to safety concerns, including reports of sticky accelerator pedals implicated in fatal crashes.
The Japanese car maker hopes that the fines – the maximum possible – draw a line under a series of safety issues that led to the recall of more than 8 million vehicles, hurt the company's reputation and dented its share of the lucrative US market.
"These agreements are an opportunity to turn the page," said Steve St Angelo, Toyota North America's chief quality officer. "All 30,000 of our US team members, and the tens of thousands of Americans at dealers and suppliers across the country, have worked very hard over the past year to put these issues behind us and set a new standard of responsiveness to our customers."
The settlements with the National Highway Traffic Safety Administration related to the timeliness of recalls conducted by the company in 2005 to address potential concerns with steering relay rods and from 2007 to early 2010 to address the potential for pedal entrapment by unsecured, incompatible or improperly installed floor mats. They come on top of another $16.4m fine in May, for failing to alert safety authorities early enough about potential flaws.
Toyota sales in America have recovered from the recession more slowly than at US rivals General Motors and Ford, which have closed the gap on the market-leader as a result.
At the worst point of the debacle, Toyota's president, Akio Toyoda, travelled to the US to make a public apology for the safety issues at a hearing in Congress.
Malaysia Airlines plane crash exposes alarming flaw in airline security: over one billion flights made last year without stolen-passport check
International Women's Day 2014: The shocking statistics that show why it is still so important
Teacher shows sex tape featuring herself to pupils during class by mistake
Swarm of killer bees sting woman 1,000 times
Dead woman's body found sitting in a car after six years after direct debits ran $54,000 bank account dry
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 3 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
- 4 Russia has made 'big miscalculation' over Ukraine warns Hague
- 5 Swarm of killer bees sting woman 1,000 times
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...