LaHood Comments on Toyota Fine

According to the Bloomberg News (4/23, Keane, Hughes), Transportation Secretary Ray LaHood said Toyota Motor Corp.’s “payment of a $16.4 million fine showed it accepted responsibility for breaking a law requiring automakers to notify regulators of safety defects.” LaHood said “paying the fine is more important than Toyota’s statement denying US allegations it broke the law by failing to alert regulators within five days of discovering vehicle accelerator pedals could stick.” LaHood said, “Paying the fine is, I think, the determining factor that they acknowledge they were in violation of the law.”