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Tag Archives | Toyota

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Toyota agrees to pay $1.2 billion fine in criminal fraud case

A major setback for Toyota, one of the world’s most respected and trusted automakers. Today the U.S. Justice Department announced the Japanese automaker had agreed to pay a $1.2 billion fine in order to avoid a criminal fraud charge. This is the largest fine ever against an automaker. The criminal charge stems from an investigation into the sticky gas pedal/floor mat controversy. Toyota began getting complaints in 2009 that some of the gas pedals on its vehicles appeared to jam or stick — causing sudden acceleration... Read More →

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Major troubles for Toyota

2010 Camry from The Big Three Detroit automakers are not the only vehicle manufacturers who have hit a few bumps in the road. In an unprecedented move industry leader, Toyota, is telling dealers to temporarily suspend sales of eight of its models, in the wake of a massive safety recall, that according to a news release yesterday from Toyota Motor Sales USA, headquartered in Torrance out in the South Bay.   Last Thursday, Toyota announced a U.S. recall of 2.3 million vehicles to fix a problem that could cause the accelerator pedal to stick. “This action... Read More →

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