Fiji Time: 5:36 PM on Saturday 25 October

Fiji Times Logo

/ 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. Siblings in shock
  2. Farewell Duke
  3. Koroi ready to help Fijian scrum during Europe tour
  4. In the dark
  5. Forum lifts Fiji ban
  6. Taskforce rakes in $500k in rent arrears
  7. Group of companies hold inaugural Pinktober celebrations
  8. Inglis salutes new Kangaroos X-factor
  9. Separating fact from myth
  10. Relief for farmers

Top Stories this Week

  1. Death shocks family Monday (20 Oct)
  2. Inside Fiji sevens Tuesday (21 Oct)
  3. Budget overspent Wednesday (22 Oct)
  4. Public access Tuesday (21 Oct)
  5. Kepa's not weak Friday (24 Oct)
  6. Forgery suspect still in remand Tuesday (21 Oct)
  7. Full pay while on leave Friday (24 Oct)
  8. $20m in excess Wednesday (22 Oct)
  9. Ryan's fight to help 7s Friday (24 Oct)
  10. $11.9m in arrears Wednesday (22 Oct)