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Toyota Motor Corp Fines $17.35 Million For U.S. Floormat Recall Delay-Reuters

Tuesday, 18 Dec 2012 12:41pm EST 

Reuters reported that Toyota Motor Corp has agreed to a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, but maintained it has done nothing wrong. Toyota announced a recall of 154,036 2010 Lexus RX 350 and RX 450h vehicles in June to address a risk that a loose floormat could force down the accelerator pedal. 

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