Toyota to pay $1.5 billion over accelerator problems
Published on Mar 19, 2014 10:18 PM
WASHINGTON (AFP) - Toyota Motor will pay US$1.2 billion (S$1.5 billion) to settle US accusations that it sought to cover up an accelerator problem in Toyota and Lexus vehicles tied to numerous accidents and deaths.
The US Justice Department said the Japanese auto maker admitted to misleading regulators and the public about the safety problems in its cars in 2009 and 2010.
"Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to members of Congress," said Attorney General Eric Holder.
"When car owners get behind the wheel, they have a right to expect that their vehicle is safe." Mr Holder warned other car companies to "not repeat Toyota's mistake".
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