Quote:
Originally Posted by Backwoodsboy
So again how can the gov. fine toyota if their own traffic safety board can not find without a doupt the problem?
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It is my understanding that Toyota is being fined for violating US law that required them to report safety issues within FIVE DAYS.
According to a number of published reports, Toyota's own internal documents have proven that Toyota delayed telling the US regulators for a number of MONTHS about the gas pedal issues.
IMHO, it is too bad that the amount of the fines is limited by law.
The $16 million dollar fine is simply not enough to even get Toyota's attention.
Now a more sizable fine would be another story. Hmmmm, maybe say $100 million fine. That would be poetic justice given the Toyota presentation where executives boasted they saved $100 million by getting US regulators to agree on the floor mat (ie cheaper) recall.
Oh well, based on a NY Times story this morning is seems that the US Regulators may be considering additional fines against Toyota. Stay tuned.
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Charlie
'04 SR5, 4X4, V8, Titanium, Roof Rack, DD Cargo System, 17" Alloys, Rear Spoiler, Preferred Accessory Pkg
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