Toyota Reaches Multi-Million Dollar Settlement With NTSB
By: Alex de Leon
Updated: December 18, 2012
Toyota agrees to pay a $17.4 million fine to the National Highway Traffic Safety Administration.
It's the largest fine allowed under law for a single investigation. Toyota's troubles stem from a recall for one of its Lexus models. The NTSB says the automaker didn't report a safety defect related to its sticky gas pedals for the Lexus RX 350 in a timely manner.
Toyota used to have a reputation for vehicle quality and safety. But, 10 million cars worldwide have been recalled this year alone.
It's the largest fine allowed under law for a single investigation. Toyota's troubles stem from a recall for one of its Lexus models. The NTSB says the automaker didn't report a safety defect related to its sticky gas pedals for the Lexus RX 350 in a timely manner.
Toyota used to have a reputation for vehicle quality and safety. But, 10 million cars worldwide have been recalled this year alone.
