Reuters and The Wall Street Journal reported on Friday that Toyota Motor Corp. and the United States Department of Justice are close to a deal that would resolve a criminal investigation into how it disclosed to government regulators customers’ complaints about unintended acceleration. The Journal is reporting that the settlement would involve Toyota paying as much as $1 billion in fines, ending a four year investigation. Sources say that the deal could still fall apart, or the amount of money involved could change.
Tag: Vehicle Safety
U.S. Transportation Secretary Anthony Foxx told Automotive News that U.S. regulators will soon begin working on telematics regulations that will require new cars and light trucks sold in the United States to be equipped with systems for vehicle to vehicle communications. The impetus is safety, as the telematic systems can be integrated with semi-autonomous crash avoidance systems.
Foxx didn’t set a date when the mandate would become effective, but he made it clear that he supports the technology, calling it a “moon shot” and saying that it could prevent 70 to 80 percent of crashes involving drivers that are not impaired. (Read More…)