Toyota Settles With U.S. for $1.2 Billion Over Recalls, Feds Will Audit Company for Three Years
Toyota will pay $1.2 billion to avoid criminal wire fraud charges and has admitted to misleading consumers and federal agencies over its unintended acceleration recalls that affected more than 10 million cars worldwide. According to court documents and statements filed today by the U.S. Attorney’s office in Manhattan, the settlement, which ends a four-year investigation […]
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