Toyota To Pay $32.4M Over Defect Report Delays

Law360, New York (December 21, 2010, 7:03 PM ET) -- Toyota Motor Corp. has agreed to pay $32.4 million in fines over delays in reporting safety defects in its vehicles to the National Highway Traffic Safety Administration on two separate occasions.

The NHTSA leveled two fines against the auto giant Monday after wrapping up investigations launched in February, ordering Toyota to pay a $16.4 million fine for failing to timely notify the agency that a defect in its vehicles could have caused accelerator pedals to become entrapped by floor mats, and a $16 million fine for delays in reporting faulty steering relay rods that...
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