US says Toyota unit to plead guilty, pay over $1.6 billion to settle fraud scheme

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WASHINGTON : A Toyota Motor Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S.government agencies to settle violations related to an emissions fraud scheme, the U.S.

Justice Department said in a statement on Wednesday.

FILE PHOTO: Hino Motors' logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Department Motor Justice Guilty Says Mediacorp Unit Hino Plead Tokyo Toyota

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 09:02:19 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 172 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25184695

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