Toyota denies wrongdoing, yet agrees to pay the $16.4 Million fine

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Even as it denies any wrong doing on it’s part, Toyota Motor Company has decided to pay up the $16.4 Million fine that the National Highway Transportation Safety Administration(NHTSA) imposed on it after finding it guilty of not informing the government about a potential safety hazard caused by it’s sticky accelerators. Toyota’s acceptance of this fine without appealing NHTSA’s judgment only heightens suspicions of Toyota trying to brush things under the carpet. That’s certainly how the man on the street will feel about Toyota’s quiet acceptance of the penalty. Meanwhile, here is what Toyota’s spokesperson had to say about the payment of the fine, the highest ever imposed on any automaker in the United states.

We agreed to this settlement in order to avoid a protracted dispute and possible litigation,” the manufacturer says. “We regret that NHTSA tentatively concluded that they should seek a civil penalty.

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