Federal regulators have strike Toyota with a record fine.Federal regulators fined Toyota $16.4 million Monday for waiting four months to inform the government after discovering its car were plagued by sticky gas pedals.
Toyota should have told security officials in five days.
At least 52 people have died in crashes associated to the defect, officials say.
Toyota failed to live up to its legal compulsions, said Transportation Secretary Ray LaHood.
Worse yet, they consciously hid a dangerous defect for months from U.S. officials, and did not take action to defend millions of drivers and their families.
The record fine is the most the feds can inflict, but it won't cut deeply into the $600 million Toyota is predictable to earn this year.
Meanwhile, GM announced plans to put its improved smart-pedal technology in all passenger cars with automatic transmissions and electronic throttle control by 2012.
The software reduces engine power when drivers step on the gas pedal and brake concurrently.
For More Information On US Recent Aviation Accident Please Visit This Site: Car Shipping
