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Toyota to pay $17 million fine for Lexus safety defect
Toyota Motor will pay a record $17.35 million dollar fine for failing to promptly notify US authorities about a safety defect on 2010 Lexus models, a federal agency said Tuesday. The National Highway Traffic Safety Administration said Toyota had agreed to pay the penalty, the maximum fine allowable under the…
Toyota net profit tumbles 99% in April-June
Japan’s Toyota Motor on Tuesday said net profit plunged 99 percent in April-June on the impact of the March disasters, but raised its full year net profit forecast 39 percent on recovery hopes. The world’s biggest automaker stumbled to a net profit of 1.16 billion yen ($14.9 million) in the…
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