Toyota recalls another 1.7m vehicles worldwide

Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality. Although the situation is different from last year, when Toyota attracted intense scrutiny from U.S. safety regulators…

Details

Toyota agrees to $32.4 million in fines after recalls investigations

Toyota Motor Corp has agreed to pay $32.4 million in fines related to two investigations of the automaker’s handling of auto recalls for unintended acceleration and steering problems in several models, United States regulators said yesterday. The settlements, confirmed by Toyota, conclude a tumultuous year for the Japanese automaker in Washington over the recalls of…

Details