Fiji Times Logo

Fiji Time: 3:56 PM on Saturday 20 September

/ Front page / Business

Japanese car giant faces $30.6m fine

Bbc.Co.Uk
Friday, December 21, 2012

TOYOTA has been fined $US17.4million ($F30.6m) — the maximum allowed under US law — for taking too long to report safety issues to authorities.

It is the fourth time in the past three years that the Japanese car giant has been fined in the US, after paying out almost $US50m ($F88.1m) in total during 2010 over its handling of car recalls. The latest fine is for a recall in June of about 150,000 vehicles. The carmaker had recalled more than 10 million vehicles this year. Last month, Toyota said it would recall 2.7 million cars worldwide because of problems with the steering wheel and water pump system.

In 2009 and 2010, Toyota recalled about 12 million vehicles, damaging its reputation for reliability.

The group said carmakers were obliged by law to report any safety defects within five days of discovering them. It said Toyota had agreed to make changes to quality assurance and to review its safety procedures in the US as part of the settlement.

The carmaker's chief quality officer Ray Tanguay said the company had agreed to pay the fine "in order to avoid a time-consuming dispute and to focus fully on our shared commitment with NHTSA to keep drivers safe".

Toyota expects to make a profit of almost $US10billion ($F17.7b) for the financial year to the end of March.


Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Fiji First in strong lead: Fiji Elections
  2. ENDORSED
  3. General Election results: Round 14
  4. Pre-poll ballot count completed: Fiji Elections
  5. General Election results: Round 15
  6. Fiji elections a welcome turning point: Commonwealth
  7. 1st sitting of Parliament soon
  8. Fans stabbed
  9. General Election results: Round 13
  10. General Election results: Round 12

Top Stories this Week

  1. FijiFirst claims 60 per cent Thursday (18 Sep)
  2. Searching for answers Monday (15 Sep)
  3. Girl, 12, murdered Monday (15 Sep)
  4. Parties reject result Friday (19 Sep)
  5. Leader of the pack Thursday (18 Sep)
  6. Shocked and disgusted Monday (15 Sep)
  7. No stop Friday (19 Sep)
  8. FijiFirst leads Thursday (18 Sep)
  9. No $20m ransom Tuesday (16 Sep)
  10. Elections supervisor to announce final results Friday (19 Sep)