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U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.
Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with US agencies and will plead guilty over excess diesel engine emissions in more than 105,000 US vehicles, the company and ...
Additionally, Toyota was fined US$16 million for failing to report the issues promptly and endangering lives. More tangible financial harm became evident in 2014, when Toyota and the U.S. Justice Department agreed on a settlement of US$1.2 billion and a public admission of guilt from Toyota for neglecting the defects.
Hagens Berman: Toyota Agrees to Fund a Settlement of Unintended Acceleration Cases Worth up to $1.4 Billion Attorney representing Toyota owners calls settlement "extraordinarily hard-fought ...
Toyota was also forced to pay a total of $66.2 million in fines to the Department of Transportation for failing to handle recalls properly and $25.5 million to Toyota shareholders whose stock lost value due to recalls. Nearly 400 wrongful-death and personal injury cases were also privately settled by Toyota as a result of unintended acceleration.
On October 26, 1968, he entered into an agreement to distribute Toyota vehicles from the port in Jacksonville, Florida, to the states of Florida, Georgia, Alabama, North and South Carolina. His Southeast Toyota Distributors (SET) was founded that year [12] and in 2006, distributed over 400,000 vehicles, 20% of all new Toyotas sold in the United ...
Toyota Motor Corporation has agreed to a $29 million settlement to resolve recall-related issues that occurred between 2005 and 2010, the company announced today. Those issues involved allegations ...
The unintended-accleration scandal that engulfed Toyota in late 2009 and early 2010 led to an unprecedented apology from CEO Akio Toyoda -- and a promise to change the way the Japanese auto giant ...