Seeking Alpha

WSJ: Toyota close to $1B deal to settle U.S. probe

  • Toyota (TM) is near a deal to pay $1B to settle a U.S. criminal investigation into how it disclosed customers' complaints about unintended acceleration years ago, WSJ reports.
  • The automaker could reach a deal within weeks, which would end a four-year probe by U.S. authorities.
  • Prosecutors in the Manhattan U.S. attorney's office are looking into whether Toyota made false or incomplete disclosures to regulators about possible car defects, as well as possible mail and wire fraud violations connected to the alleged false disclosures, the report says.
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  • J Mintzmyer
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    Add 30 minutes to the default clock!
    9 Feb 2014, 10:21 PM Reply Like
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