Toyota facing $1 billion fine to end safety probe
Toyota could pay as much as $1 billion in a pending settlement with the Justice Department that wound end a four-year probe into accusations the carmaker made misleading statements about its safety problems. The issues relate to allegations of unintended acceleration in Toyota and its upscale brand Lexus in the late 2000s. In 2009, an off-duty California Highway Patrolman and his family were killed when their borrowed Lexus careened off the highway at around 120 mph. The recording of a passenger’s last minute 911 call captured the driver’s frantic efforts to stop the vehicle. If the settlement is finalized, it would be among the largest fines ever levied against an automaker. It would also allow Toyota to avoid criminal charges.
Read more