It was reported that Toyota was reportedly set to pay the full $16.4 million fine to the U.S. government, so long as the automaker would not be required to admit any wrong doing. Well, the official statements have been released.
As part of that process, Toyota now openly admits that it could have (and should have) done a better job of sharing relevant information, and it welcomes "a new, more transparent chapter" in its relationship with the National Highway Traffic Safety Administration. Additionally, the automaker has outlined a few of its next steps, citing that a new Chief Quality Officer has been appointed for North America and that it has strengthened its information-gathering capabilities in an effort to investigate potential problems with quicker response times.
Still, Toyota denies that it withheld any pertinent information from NHTSA, saying, "We did not try to hide a defect to avoid dealing with a safety problem."
So is Toyota truly at fault? Or is Toyota getting raked over the coals by NHTSA, thus eventually benefiting the US Automakers?