NAGOYA, Japan -- Toyota Motor will pay $180 million to settle the U.S. government's charge that it violated the country's Clean Air Act, in a deal reached just days before President-elect Joe Biden takes office with an ambitious climate agenda.
Carmaker reaches record settlement to avoid drawn-out court battle
Toyota Motor's U.S. settlement avoids a lengthy court battle over problems with reporting potential emissions defects. © Reuters
NAGOYA, Japan -- Toyota Motor will pay $180 million to settle the U.S. government's charge that it violated the country's Clean Air Act, in a deal reached just days before President-elect Joe Biden takes office with an ambitious climate agenda.