With Toyota Motor Company’s quality control, safety and legal problems continuing to worsen, the world’s largest automaker suffered a new setback recently with the announcement that the federal government has hit the company with a huge fine. The Transportation Department recently issued the record $16.4 million fine to the company for hiding a “dangerous defect” and failing to act in a timely manner to alert regulators to safety problems in several of its models. Toyota is reportedly weighing its options and must decide whether to accept the fine, which would amount to admitting that they did something wrong or contesting the fine and taking on even more negative publicity.
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As American communities start to see the first signs of spring, Toyota is seeing its own “green shoots” as it starts to recover from what may end up being the biggest recall of its kind in modern history. Read the rest »
Toyota Motor Corporation has expanded the biggest recall in company history to include some Toyota models in Europe and China in addition to the millions the company has recalled in the United States. The auto giant made the announcement about the expansion of the recall program recently and has also announced that sales of some models will be suspended until further notice. Toyota is recalling millions of vehicles because the accelerators in some models are sticking, causing some vehicles to accelerate out of control.
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