Toyota has practiced substandard manufacturing standards for some time now. Something like at least two decades if not three. Let's hope they've turned a new page.
Last Updated Mar 19, 2014 5:19 AM EDT
TOKYO (AP) - The U.S. Justice Department (click here) may reach a $1
billion settlement with Toyota Motor Corp., ending a four-year criminal
investigation into the Japanese automaker's disclosure of safety
problems, according to numerous reports. Last Updated Mar 19, 2014 5:19 AM EDT
Toyota declined comment Wednesday on one report, in The Wall Street Journal, citing unnamed sources as cautioning that a settlement still could fall apart.
A Toyota spokesperson told CBS News early Wednesday that, "Toyota has cooperated with the U.S. Attorney's office in this matter for more than four years. During that time, we have made fundamental changes to become a more responsive and customer-focused organization, and we are committed to continued improvements."
The New York Times, citing a person briefed on the matter, says the deal isn't final yet, but could be announced as soon as Wednesday.
The investigation focuses on whether Toyota was forthright in reporting quality problems related to unintended acceleration troubles....
