Toyota plans to pay U.S. fine

[Omaha Steve]

Source: Reuters

TOKYO, April 17 (Reuters) - Toyota Motor Corp (7203.T) was planning to pay a proposed $16.4 million fine from U.S. regulators without admitting wrongdoing as the automaker seeks to repair its reputation after massive recalls, Japanese media reported on Saturday.

U.S. safety regulators alleged earlier this month that Toyota knowingly hid information from regulators and violated regulations by delaying a recall in January for gas pedals that would not spring back as designed.

Toyota was in talks with U.S. authorities and intended to pay the fine ahead of Monday's appeal deadline, Jiji news agency said. But there was still a possibility it would appeal if regulators did not approve the company's plan of not admitting the allegations, it said.

Read more: http://www.reuters.com/article/idUSTOE63G00L20100417?type=marketsNews

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(Reporting by Taiga Uranaka and Chang-Ran Kim ) I believe this is the end of the weekend news dump on Toyota.

[Massacure]

1. Like they have a choice...

No one would pay fines if they are optional.

[madokie]

2. They are still in denial

it's not the pedals sticking to the floor its the program telling the throttle body to open wide irregardless of the pedals position.

TOYota will cease to exist as a viable people moving vehicle manufacturer