Toyota’s $1.2B Bruising Could Mean Bleak Future For GM

Law360, New York (March 19, 2014, 8:38 PM EDT) -- Whether General Motors Co. faces a criminal penalty as backbreaking as Toyota Motor Corp.'s $1.2 billion fine for its handling of a recent recall depends much more on its past honesty with regulators than it does on what's dominated headlines as of late: the amount of time it took to recall the vehicles.

The U.S. Department of Justice hit Toyota with the billion-dollar penalty, the largest ever for an automaker, as part of a deferred prosecution agreement in connection with 2009 and 2010 recalls over unintended...
To view the full article, register now.