Toyota

Wednesday, March 19, 2014

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 […]
Wednesday, January 27, 2010

Major troubles for Toyota

2010 Camry from Toyota.com 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 […]