Exclusive: Toyota to settle U.S. probe into delayed emissions defect reports for $180 million

January 14, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show

WASHINGTON (Reuters) – Toyota Motor (NYSE:) Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, sources briefed on the matter said.

The U.S. Attorney’s Office in Manhattan is set to announce the settlement later on Thursday, the sources said, that will include a consent decree. Toyota first disclosed in 2016 it was under investigation for the delayed reports to the Environmental Protection Agency. Toyota and the Justice Department did not immediately comment.

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