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Toyota Fined Again For Delaying Safety Reports

Reblogged from CBS Detroit:

DETROIT (WWJ/AP) - Toyota’s been fined again for a familiar problem: not reporting recalls quickly enough to government regulators and for delaying a safety recall.

"It is clear that the government is giving Toyota another hard slap on the wrist," says Edmunds.com senior analyst Michelle Krebs.

The $17.4 million fine from the National Highway Traffic Safety Administration is for a June recall that was similar to Toyota's issues a few years back: pedals stuck under the floor mats of Toyota's Lexus luxury brand.

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A financial analyst by profession with a focus on value investing. Likes Benjamin Graham's investing style

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