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May 18, 2010 1:27 PM by Chris Welty

Toyota Pays $16.4 Million Fine

WASHINGTON (AP) - Toyota has paid a record $16.4 million fine
for a slow response to its accelerator pedal recall.
A Transportation Department official says the Japanese automaker
paid the fine on Tuesday. The company agreed to the fine on April
19 and had 30 days to pay it. The official was not authorized to
speak publicly before an announcement was made.
The fine is the maximum allowed under law. The government
accused the company of hiding earlier defects involving gas pedals,
a contention that Toyota rejected even though it agreed to pay the
fine.
Toyota said it agreed to the fine to avoid a lengthy legal
battle but denied the government's allegation that it broke the
law.

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