Toyota fined $17.35 mn for delay in announcing recall
“We agreed to this settlement in order to avoid a time-consuming dispute and to focus fully on our shared commitment with NHTSA to keep drivers safe,” Ray Tanguay, chief quality officer of Toyota North America, said .
Federal law requires automakers to notify the safety agency within five business days of determining safety defect. Toyota notified a month after it acknowledged the defects.
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