
National Highway Traffic Safety Administrator, David Strickland, reportedly said that Toyota was "not truthful" with federal regulators. That lack of candor, according to Strickland, contributed to the largest auto safety fine ever proposed by the government. Strickland also criticized Toyota for failing to disclose a software upgrade on the 2010 Prius, and for taking "shortcuts" in its rapid growth.
In an article in The Detroit News, Strickland criticized Toyota for boasting in a July internal memo that it had saved more than $100 million, by limiting a sudden acceleration recall in 2007 to just 55,000 floor mats. "That $100 million savings has just now cost them billions," Strickland said, in lost sales, repair costs and potential lawsuits.
While the fine may seem small in relation to the billions of dollars that Toyota is worth, the comments made by U.S. Transportation Secretary, Ray LaHood, could prove to be much more costly in the dozens of civil individual and class action lawsuits against Toyota. LaHood said in a statement that, “we now have proof that Toyota failed to live up to its legal obligations. Worse yet, they knowingly hid a dangerous defect for months from U.S. officials and did not take action to protect millions of drivers and their families.”
If you have been affected by the Toyota recall, you may have the grounds for a class action lawsuit. The Massachusetts class action attorneys at Phillips & Garcia would like to hear your stories about your experiences with Toyota Motor Corporation and will fight for your rights in your class action lawsuit. We are committed to protecting your best interests and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.
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