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Toyota's truck division Hino to pay $1.6 billion as part of emissions scandal
A Toyota subsidiary has agreed to pay more than $1.6 billion and plead guilty for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to regulators and the illicit smuggling of engines into the...
“Hino knew the requirements that engines must meet to be certified to operate in the United States, yet it falsified data for years to skirt regulations,” Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division, said in a prepared statement. The plea agreement, which is subject to court approval, requires the company to pay a criminal fine of $521.76 million, serve a five-year term of probation — during which it will be prohibited from importing any diesel engines it has made into the U.S. — and implement a comprehensive compliance and ethics program and reporting structure. In order to prevent a recurrence of this kind of issue, we have implemented company-wide reforms, including meaningful improvements to our internal culture, oversight, and compliance practices,” CEO Satoshi Ogiso said.
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