Follow LA Observed on Twitter here
From the NYT:
The Transportation secretary, Ray LaHood, said Monday that the federal government would seek a $16.375 million civil fine, the largest allowed, against Toyota Motor over a recall of sticking accelerator pedals on 2.3 million vehicles.
Toyota revenues in 2009: $208.9 billion
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.