Fri, 17 Jan 2025

Toyota unit to settle emissions scandal for $1.6bn

The truck company will also be banned from importing its diesel engines into the US for five years.

* Toyota subsidiary Hino Motors agrees to pay $1.6bn (£1.3bn) and plead guilty to deceiving US regulators
* Company will be banned from exporting diesel engines to US for 5 years
* Settlement requires approval by a US court
* Hino charged with fraud for selling 105,000 illegal engines in the US between 2010 and 2022
* US Justice Department says company submitted "false and fraudulent" emission testing data in a "criminal conspiracy"
* Company commits to compliance and ethics plan during 5-year ban on diesel engine imports
* Hino agrees to recall infringing heavy-duty trucks, replace marine and locomotive engines to offset excess air emissions
* Company reports extraordinary loss of 230 billion yen (£1.2bn, $1.48bn) in second quarter financial results
* Scandal is one of several involving car makers accused of lying about diesel engine emissions in recent years
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