Tag: toyota settlement

Toyota Charged $1.2B Penalty. Does This Change Your Brand Loyalty?

WASHINGTON (AP) — The government announced a $1.2 billion settlement with Toyota Motor Corp. on Wednesday and filed a criminal charge alleging the company defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on …

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