Toyota Agrees to Pay Record Fine - MSNewsNow.com - Jackson, MS

Toyota Agrees to Pay Record Fine

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Troubled automaker, Toyota, has agreed to pay a fine of more than $16 million dollars, stemming from a defect in its vehicles.

Toyota faces the fine for delaying to tell the federal government about sticking gas pedals.

Transportation officials say Toyota plans to pay the fine and avoid contesting it in court.

The company faced a deadline of Monday to either accept or contest the fine.

Government officials say the automaker knew about the defect last September but didn't issue a recall until January.

The recall affects 8 million Toyota vehicles worldwide.

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