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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Toyota to pay $32.4 mln in extra fines over recalls AFP - Tuesday, December 21 Send IM Story Print WASHINGTON (AFP) - – Toyota has agreed to pay 32.4 million dollars in fines over its handling of two auto recalls, bringing total penalties levied on the firm to 48.8 million this year, officials said. "Toyota will pay the maximum fines allowable under the law -- 16.375 million dollars in one case and 16.050 million in the other -- in response to the department's assertion that it failed to comply with the requirements of the National Traffic and Motor Vehicle Safety Act for reporting safety defects to the National Highway Traffic Safety Administration (NHTSA)," Transportation Secretary Ray LaHood said in a statement. The two penalties come on top of Toyota's record 16.4-million-dollar fine assessed in April to settle claims the automaker hid accelerator pedal defects blamed for dozens of deaths. Toyota issued a series of mass recalls of around 10 million vehicles worldwide in late 2009 and early 2010 that undermined the company's once stellar reputation and triggered US congressional investigations. "Safety is our top priority and we take our responsibility to protect consumers seriously... I am pleased that Toyota agreed to pay the maximum possible penalty and I expect Toyota to work cooperatively in the future to ensure consumers' safety." said LaHood. The 16.375-million-dollar fine was tied to an investigation completed Monday over Toyota's recall of nearly five million vehicles with accelerator pedals that can become entrapped by floor mats, the Department of Transportation said. "NHTSA's investigation led the agency to believe that Toyota had not fulfilled its obligation to report a known safety defect within five days, as is required under the law," it added. The 16.05-million-dollar fine stems from an NHTSA probe into whether the automaker properly notified the agency of a safety defect in several Toyota models in 2004 and 2005 that could result in the loss of steering control. The defect led to a 2004 recall in Japan for Hilux trucks that Toyota initially said did not extend to US models. In 2005, Toyota informed NHTSA that the steering relay rod defect was present in several models sold in the United States and conducted a recall for nearly one million vehicles. NHTSA said it learned in May of complaints from US consumers and others that Toyota had not disclosed additional information. "Automakers are required to report any safety defects to NHTSA swiftly, and we expect them to do so," said NHTSA Administrator David Strickland. Both fines levied against Toyota are the maximum in civil penalties for each of the two violations stemming from the pedal entrapment and steering relay rod recalls. In 2008, Toyota ended the 77-year reign of General Motors as the world's largest automaker but the road has been a bumpy one for the Japanese giant, facing the impact of the economic crisis, recalls and recently a strong yen. Sales are falling in the United States, with the automaker slipping from second to third place this year behind reviving giants Ford and market leader GM. Toyota reported a 7.3 percent sales drop in November and its market share could fall by 17 percent to just over 15 percent in 2010, according to IHS Automotive. To stem the bleeding, the automaker has added an extra four weeks to new vehicle testing, sped up its decision-making process and appointed regional quality control officers. Analysts say Toyota has become more aggressive in catching possible defects as part of a campaign to improve its consumer image, but warn that continued frequent recalls damage its branding as a quality carmaker. Only a week ago, Toyota recalled some 94,000 of its 2011 Sienna minivans in the United States to replace a brake bracket that could get stuck. Recommend Send IM Story Print Related Articles Bank of Japan keeps key rate between zero and 0.1pct AFP - 11 minutes ago Australian study backs miners on new resources tax AFP - 20 minutes ago Q+A-Will China's Xinmao succeed with $1.3 bln Draka play? 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