Toyota, Hino Motors
Reuters · 16h
US says Toyota unit to plead guilty, pay over $1.6 bln to settle fraud scheme
A Toyota Motor Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday.
Benzinga.com · 4h
Toyota Subsidiary Agrees To $1.6B Settlement Over Emission Data Fraud
Hino Motors, a subsidiary of Toyota (NYSE: TM), has agreed to pay over $1.6 billion to resolve emissions testing fraud allegations. The settlement addresses the improper import of over 110,000 diesel engines and includes criminal and civil penalties.
E&E · 5h
Toyota subsidiary to pay $1.6B over emissions fraud allegations
Hino Motors, a Toyota subsidiary, will pay $1.6 billion to the federal government and state of California to resolve criminal and civil allegations of emissions fraud. The settlement announced Wednesday is one of the largest criminal and civil penalties in the history of EPA’s mobile source program.
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