Monday

Feds fine Toyota $16 Million for Hiding Gas Pedal Defect

Federal safety investigators have notified Toyota that it will be hit with the largest fine NHTSA has ever assessed a vehicle manufacturer, $16.4 million.

The feds are saying Toyota knew it had a problem and hid it from US investigators for at least 4 months, according to news reports just out.

With the help of zero interest financing and special deals, Toyota had managed to crank its sales back up after a devastating 2 months when it couldn't stay out of the headlines. Now, it's back on front page again.

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