Toyota agreed to pay two more fines Monday to settle federal investigations into how the company handled recalls involving those sticking gas pedals and loss of steering control.
Those fines total $32.4 million dollars, the maximum allowed under federal law. This brings the total amount the company has paid in civil penalties to $48.8 million dollars.
Toyota released this statement after agreeing to the latest fines:
Toyota Motor Corporation (TMC) announced today that it has reached two settlement agreements with the National Highway Traffic Safety Administration related to the timeliness of recalls conducted by the company in 2005 to address potential concerns with steering relay rods and from 2007 to early 2010 to address the potential for pedal entrapment by unsecured, incompatible or improperly installed floor mats. Toyota has agreed to pay $32.425 million as part of these settlements, without admitting to any violation of its obligations under the U.S. Safety Act.
