U.S. to Seek $16.4 Million Fine Against Toyota(nytimes.com)

2 pointsby arch_hunter16 lat temu2 comments

U.S. to Seek $16.4 Million Fine Against Toyota

http://www.nytimes.com/2010/04/06/business/06toyota.html

1 comments

I would love to see this. And then I'd like to see Ray La Hood cross-examined by Toyota's lawyers, asking why he made so many inflammatory and stupid statements, recommending for example that Toyota drivers not drive their cars, and which destroyed so much value for Toyota shareholders. What would also be hilarious is seeing Mr. LaHood explain to a court how he and the Federal government, and the UAW, do not have a serious conflict of interest, considering they own Toyota's competition, and stand to gain financially from every piece of dirt, fair or unfair, that gets flung.

If I was Toyota, I'd be doing the happy dance over all of this.

-- Fred

cjlars16 lat temu

Right indeed, a $16 million fine is ironically small considering the uproar cut $10 or $20 billion from Toyota's market valuation.