April 22, 2010
To Toyota, it would be a big difference. The NYT told readers that: “Toyota also agreed to pay a $16.4 billion fine, one of the heaviest fines imposed on a car manufacturer in the United States, for concealing information related to the recall.” The actual fine was $16.4 million. This is equal to approximately 0.1 percent of Toyota’s profits in a normal year.
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