Violation Tracker Individual Record
Company:
Toyota Motor Corporation
Current Parent Company:
Toyota
Penalty:
$1,200,000,000
Year:
2014
Date:
March 19, 2014
Primary Offense:
motor vehicle safety violation
Violation Description:
U.S. Attorney General Eric Holder, U.S. Secretary of Transportation Anthony Foxx, U.S. Attorney for the Southern District of New York Preet Bharara, Inspector General of the U.S. Department of Transportation (DOT) Calvin L. Scovel III, National Highway Traffic Safety Administration (NHTSA) Acting Administrator David Friedman and Federal Bureau of Investigation (FBI) Deputy Assistant Director Joe Campbell announced a criminal wire fraud charge against Toyota Motor Corporation, an automotive company headquartered in Toyota City, Japan, that designs, manufactures, assembles, and sells Toyota and Lexus brand vehicles. The charge is that TOYOTA defrauded consumers in the fall of 2009 and early 2010 by issuing misleading statements about safety issues in Toyota and Lexus vehicles.The agreement, which is subject to judicial review, requires TOYOTA to pay a $1.2 billion financial penalty - the largest penalty of its kind ever imposed on an automotive company, and imposes on TOYOTA an independent monitor to review and assess policies, practices and procedures relating to TOYOTAs safety-related public statements and reporting obligations.
Level of Government:
federal
Action Type:
agency action
Agency:
National Highway Traffic Safety Administration referral to the Justice Department
Civil or Criminal Case:
criminal
Prosecution Agreement:
deferred prosecution agreement
HQ Country of Parent:
Japan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
motor vehicles
Specific Industry of Parent:
motor vehicles
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
