US says Toyota unit to plead guilty, pay over $1.6 billion to settle fraud scheme By Reuters


© Reuters. FILE PHOTO: Hino Motors' logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon/File Photo

WASHINGTON (Reuters) – A Toyota Motor (NYSE:) Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday.

The Justice Department, FBI and Environmental Protection Agency, among other bodies, reached criminal and multiple civil resolutions with Toyota subsidiary Hino Motors, the Justice Department said.




Leave a Comment