Toyota to pay US $1.2 billion for deadly defect coverup | Bangkok Post: news

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Toyota to pay US $1.2 billion for deadly defect coverup

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Toyota Motor Corp. will pay $1.2 billion to settle US criminal charges that it lied to safety regulators and the public as it tried to cover up deadly accelerator defects. 

Toyota Motor Corp. will pay $1.2 billion to settle US accusations that it sought to cover up an accelerator problem in Toyota and Lexus vehicles tied to numerous accidents and deaths

The Japanese auto giant eventually recalled 12 million vehicles worldwide in 2009 and 2010 at a cost of $2.4 billion as the scandal over sudden, unintended acceleration spread and tarnished its once-stellar reputation.

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