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U.S. says Toyota to pay $1.2 billion penalty over safety issues

2014-03-19 81 Dailymotion

ROUGH CUT (NO REPORTER NARRATION)<br/> <br />Toyota Motor Corp will pay $1.2 billion to resolve a criminal probe into its handling of consumer complaints over safety issues, the U.S. Justice Department said on Wednesday.<br/> <br />Toyota admitted it misled American consumers by concealing and making deceptive statements about two safety issues, each of which caused a type of unintended acceleration, the Justice Department said.<br/> <br />The faulty acceleration prompted Toyota to recall millions of vehicles, beginning in 2009.<br/> <br />(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:<br/> <br />"Today, we can say for certain that Toyota intentionally concealed information and misled the public about the safety issues behind these recalls."<br/> <br />The settlement resolves a four-year investigation by U.S. authorities.<br/> <br />(SOUNDBITE) (English) UNITED STATES ATTORNEY GENERAL ERIC HOLDER SAYING:<br/> <br />"As part of the settlement of this case, Toyota will fully admit wrong doing. It will

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