US says Toyota unit to plead guilty, pay over $1.6 bln to settle fraud scheme

Hino Motors’ logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS

          Companies

  • Toyota Motor Corp
WASHINGTON,  (Reuters) – A Toyota Motor Corp (7203.T), unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday.
The Justice Department, FBI and Environmental Protection Agency, among other bodies, reached criminal and multiple civil resolutions with Toyota subsidiary Hino Motors, the Justice Department said.

Reporting by Kanishka Singh in Washington; Editing by Sandra Maler

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