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FX Daily Updates
US says Toyota unit to plead guilty, pay over $1.6 bln to settle fraud scheme
georgemiller
Publish Date: Thu, 16 Jan 2025, 01:02 AM

WASHINGTON, Jan 15 (Reuters) - A Toyota Motor Corp (7203.T) , opens new tab 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.
The Justice Department, FBI and Environmental Protection Agency, among other bodies, reached criminal and multiple civil resolutions with Toyota subsidiary Hino Motors, the Justice Department said.
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https://www.reuters.com/business/autos-transportation/us-says-toyota-unit-plead-guilty-pay-over-16-bln-settle-fraud-scheme-2025-01-16/