Toyota slapped with $17 million fine by US government for not quickly reporting problems
Posted: 12/18/2012
WASHINGTON - Toyota has been slapped with a more than $17 million fine by the U.S. government for failing once again to quickly report problems to federal regulators and for delaying a safety recall.
The $17.4 million fine from the National Highway Traffic Safety Administration is the fourth fine levied against Toyota in the past two years for similar infractions.
And it's a tiny fraction of Toyota's earnings -- a $3.2 billion profit in the third quarter alone.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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