Automotive

Toyota Motor Corporation Agrees to Settle NHTSA Civil Penalty

Torrance, California—(ENEWSPF)—April 19, 2010. Toyota Motor Corporation (TMC) announced today that it has agreed to settle the civil penalty demanded in the National Highway Traffic Safety Administration’s April 5 letter related to the company’s recall for slow-to-return and sticky accelerator pedals by paying $16.4 million.   The company said:

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“We agreed to this settlement in order to avoid a protracted dispute and possible litigation, as well as to allow us to move forward fully-focused…

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