Japanese auto giant Toyota has agreed to pay the US government a fine of nearly $16.4 million for concealing gas pedal defects, a senior US government official announced late on Sunday.
“By paying the full civil penalty Toyota is accepting responsibility for hiding the safety defect... in violation of the law,” the official said.
A Toyota spokesman declined to comment. But a source said it was expected to sign the legal documents early on Monday.
“They’ve agreed to pay the maximum fine in record time,” the source said. “They have 30 days to pay.”