Toyota Subsidiary Order To Pay Over $1.6B In Penalties For Emissions Fraud Scheme
U.S. District Court Judge Mark A. Goldsmith of the Eastern District of Michigan on Wednesday accepted Hino Motors, Ltd.’s guilty plea to a single criminal charge for engaging in a multi-year conspiracy to defraud the U.S. government and consumers, as well as smuggling non-compliant goods into the country.
The court sentenced Hino, a subsidiary of Toyota Motor Corp. (NYSE:TM), to pay a $521.76 million criminal fine, serve five years of probation—during which it is barred from importing diesel engines it manufactures into the U.S.—and implement a compliance and ethics program with reporting requirements.
The court also imposed a $1.087 billion forfeiture money judgment against the company.
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Between 2010 and 2019, Hino engineers falsified emissions test data submitted to the …
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