Toyota: We Lied About Acceleration Glitches, Twice

The U.S. Attorney's Office fined Toyota $1.2 billion on Wednesday because it lied about two incidents that led to unintended acceleration in its vehicles in 2009 and 2010

The fine, the largest that the U.S. Department of Justice has ever levied against an automaker, is subject to judicial review. The DOJ deferred prosecution against Toyota after the company admitted that it misled U.S. consumers about defective floor mats and sticky pedals.

“Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to Members of Congress,” Attorney General Eric Holder said in a press release. Read more...