NHTSA Charges Toyota With $16.4M Fine

The Transportation Secretary Ray LaHood announced that the National Highway Traffic Safety Administration has charged Toyota with a $16.375 million fine. The penalty was “for failing to notify the auto safety agency of the dangerous ‘sticky pedal’ defect for at least four months, despite knowing of the potential risk to consumers.”

This is the largest penalty that was ever given to a single manufacturing company. Supposedly Toyota knew about the defect as early as September 29, 2009 but did not issue a recall until January. [Consumerist]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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