Justice Department steals $1.2 billion from Toyota

[JBond]

Toyota has reached a $1.2 billion settlement with the U.S. government that ends a four-year criminal investigation into the automaker’s response to safety issues, Attorney General Eric Holder announced Wednesday.

Under the agreement, the company will admit that it misled U.S. consumers by making deceptive statements about two safety issues affecting its vehicles. As a result, Toyota will pay a $1.2 billion financial penalty under a "deferred prosecution agreement."

The National Highway Traffic Safety Administration never found defects in electronics or software in Toyota cars, which had been targeted as a possible cause.

http://www.foxnews.com/leisure/2014...ion-settlement-with-toyota/?intcmp=latestnews

 

[Jon88]

That's not stealing. They misled everyone and now they have to pay. GM had to do the same thing.

 

[JBond]

No problems were ever found. There was nothing to mislead about.

 

[junk]

Continued Pearl Harbor pay back.

 

[Jon88]

No problems were ever found. There was nothing to mislead about.

Oh well, I'm not gonna worry about.

USA

 

[Bob Sacamano]

Jon, the government steals from you too.

And I took your lunch money back in 4th grade. Long time, no see.

 

[Jon88]

The government steals from me? Like I'm gonna believe that!

And I never carried lunch money to school. It was all prepaid. That was cute though.

 

[Bob Sacamano]

No, that's what your mom convinced you to help you through the emotions.

And then I plowed her later that night, er, I mean, she molested me. I was only 8.

 

[Hoofbite]

No problems were ever found. There was nothing to mislead about.

They've been recalling and settling even though they claimed it was due to floor mats at various times.

Nobody is going to recall 10M cars because of floor mats.

They found a "sticky pedal defect" and were later fined because they didn't report it as quickly as they should have.

They settled to avoid criminal charges.

 

[Sheik]

It's a shame they feel entitled to anything.

 

[VTA]

So does that 1.2 Billion go directly to China?

 

[JBond]

It goes to the Obama library that will feature a wing for Holder.