Toyota last week up anted up and paid the Transportation Department a $16.4 million civl fine, the biggest penalty permitted under the law, over the recall of more than 2 million cars whose accelerator pendals were sticking, according to The New York Times. http://www.nytimes.com/2010/05/19/business/19toyota.html?scp=1&sq=Toyota%20pays%20fines&st=cse
The money will go into the U.S. Treasury’s Fund.
Back in April Transportation Secretary Ray LaHood announced the fine against Toyota for failing to immediately notify the government when the automaker learned it was having similar accelerator problems with its cars in other countries.
Toyota had said it would pay the fine, without admitting any guilt in the matter.
The multi-million dollar fine was the largest ever brought against an automaker by the government.
Since last fall Toyota has recalled 9 millions vehicles around the world, with 6 million of them in the United States.
The company faces hundreds of lawsuits stemming from the sudden acceleration of its vehicles, such as the Camry.
