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FEDS Whack Toyota for $1,200,000,000.00!

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  • #1

    FEDS Whack Toyota for $1,200,000,000.00!

    Toyota's $1.2 billion fine, GM recall highlight defects in U.S. auto safety
    http://autos.yahoo.com/blogs/motoramic/toyota-s--1-2-billion-fine--gm-recall-highlight-defects-in-u-s--auto-safety-164518294.html
    The announcement today by U.S. federal prosecutors of a $1.2 billion payment by Toyota to avoid prosecution over safety problems linked to 37 deaths closes the chapter on a dark moment for the world's largest automaker — just as General Motors struggles to answer questions about its own delayed recall of 1.6 million vehicles linked to at least 12 deaths. But the Toyota settlement and the GM ignition recall both highlight the key flaw in the safety net that's supposed to protect Americans from dangerous flaws in their vehicles: Just because you have a defect doesn't guarantee anyone will hear — or believe — you.


    "Well, ya got trouble, my friend, right here, I say, trouble right here in Toyota City. . . . With a capital 'T' that rhymes with 'B' which stands for Billion!"

    (With apologies to Meredith Willson and Franklin Lacey, composer and author of "The Music Man." )

    had NHTSA's fines not been limited by federal law to $17 million per defect case, it could have fined Toyota $13 billion. It's still the largest penalty ever paid by an automaker in U.S. history.
    "Put simply, Toyota’s conduct was shameful," said U.S. Attorney General Eric Holden. "It showed a blatant disregard for systems and laws designed to look after the safety of consumers. . . . ."
    That'll take the syrupy, poop-eatin' smile off that ditsy traitor-babe in the "Yoda commercials . . . .



    and have 'em cryin' in their sake . . . .

    That's 122,988,623,552.32 Japanese Yen! Youza, Kato!

    Real American Motoring just got $1,200,000,000.00 happier!
    Tags: None
  • #2
    Maybe Toyota Motor Corp. boss Akio Toyoda will submit to Warren Buffett the perfect "Billion Dollar" NCAA Basketball tournament bracket . . . .

    Or that greed-soaked, stooge/Cheesehead Kenseth will win about 1,200 more NASCAR races for the "Evil Empire" . . .

    A 'Yoda "enemy collaborator," Toyota Motor North America Chief Legal Officer Christopher P. Reynolds, managed to work in one of the "Evil Empire's" tiresome ad slogans into his official comment . . .

    Moving forward, they can be confident that we continue to take our responsibilities to them seriously . . . .”
    http://newsroom.toyota.co.jp/en/detail/1223417/

    He must have went to NASCAR TV-sponsor-babble school . . . .
    Last edited by 38P; March 19, 2014, 04:40 PM.

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    • #3
      But tell us how you really feel 38P

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      • #4
        $1.95 to make each vehicle, that is still quote a profit for them.

        why care about integrity.. nothing is going to sasquatch two steps over them segregating hills to start stomping fellow ant size humans...

        nothing to fear at all. Just ask them in their own mouse caves..

        Previously boxer3main
        the death rate and fairy tales cannot kill the nature left behind.

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        • #5
          So..........where does that 'fine' end up??

          I guess GM is exempt, eh?
          Last edited by oletrux4evr; March 19, 2014, 07:18 PM.
          Ed, Mary, & 'Earl'
          HRPT LongHaulers, 08, 09, 10, 11, 12, 13, 15, 16, 17, 18, 19.

          Inside every old person is a young person wondering, "what the hell happened?"

          The man at the top of the mountain didn't fall there. -Vince Lombardi
          • Likes 1

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          • #6
            Originally posted by oletrux4evr View Post
            So..........where does that 'fine' end up??
            ...
            BINGO. Sure ain't going back to the poor suckers who bought a 'yota.
            Flying south, with a flock of bird dogs.

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            • #7
              Offsets reduced Federal Reserve Treasury Bond purchases......gotta keep up appearances ya know.
              Of all the paths you take in life - make sure a few of them are dirt.

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              • #8
                Goes to 'Bammy's wife's trip to CHINA!

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                • #9
                  What, she's giving every one of the Chinese citizens a dollar?
                  Flying south, with a flock of bird dogs.

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                  • #10
                    Originally posted by Beagle View Post

                    BINGO. Sure ain't going back to the poor suckers who bought a 'yota.
                    Suckers? My 96 Camry is rock solid at 230,000 miles. Me thinks the joke's on the guys who bought the Corsica or whatever POS GM product was trying to compare to the Camry in '96, LOL.
                    www.realtuners.com - catch the RealTuners Radio Podcast on Youtube, Facebook, iTunes, and anywhere else podcasts are distributed!

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                    • #11
                      Now a judge wants the Justice Department to go after the employees behind Toyota's recall stonewalling.
                      U.S. District Judge William H. Pauley approved the auto maker's settlement with prosecutors on Thursday, saying it "painted a reprehensible picture of corporate misconduct." But he added that ultimately individuals are responsible for corporate misconduct and urged the Manhattan U.S. attorney's office, which conducted the investigation into Toyota, to continue its probe.
                      Nothing to joke about there, for sure.

                      wsj.com
                      http://online.wsj.com/news/articles/SB10001424052702304026304579451561799856696?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304026304579451561799856696.html

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