US Gov't says Toyota accepted record $16.4M fine

(AP Photo/Seth Wenig, File) (AP Photo/Seth Wenig, File)

April 19, 2010 7:13:35 AM PDT
Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about a dangerous accelerator pedal defect. The auto company said it had agreed to settle the civil penalty but denied the government's allegation that it violated the law.