This is the Learning English Economics Report.
Toyota Motor Corporation agreed to a record fine of $1.2 billion on March 19th. The fine brought to a close a United States criminal investigation into safety problems with some Toyota vehicles.
Toyota is the worlds largest carmaker. The head of the Justice Department, Attorney General Eric Holder said the company will admit to misleading the public about two safety issues. The problems cause some vehicles to gain speed uncontrollably.
Today, we can say for certain that Toyota intentionally concealed information and misled the public about the safety issues behind these recalls, said Holder.
The settlement ends a four-year investigation into how much information Toyota withheld from safety officials. The problems involved poorly made floor coverings and gas pedals that could become stuck in position. The affected vehicles could speed up unexpectedly as a result.
The company recalled about 10 million Toyota and Lexus vehicles. But it did not describe the full extent of the problems and said drivers were to blame. Attorney General Holder said Toyota agreed to have an independent group look at how the company deals with safety issues.
The company will submit to rigorous review by an independent monitor that will examine and assess the manner in which Toyota regularly reports safety issues to the public and its regulator, said Holder.
Mr Holder said the fine was the largest criminal penalty against a car company in US history. He said the amount was right, because of Toyotas actions in the case.
Toyota owners have brought hundreds of private legal cases against the company in connection with the acceleration issue. Last year, the carmaker agreed to pay more than $1 billion to buyers who said their vehicles lost value after the announcement of the recall.
Toyota released a statement saying it has made major changes to its operations to become a more responsive company.
The worlds second largest carmaker, General Motors is also under federal investigation. GM has recalled more than 1.5 million vehicles. Federal officials are investigating problems with the starting mechanisms in some GM models from 2003 to . A number of deadly accidents have been linked to the problems.
And that is the Learning English Economics Report. For more programs, English learning lessons and videos, go to our website 51voa.com. You can also follow us on Facebook, Twitter and YouTube. Im Mario Ritter.
2015考研英语作文模板写作文本通用指导技巧3
2015年考研英语二写作的模板正面现象歌颂型2
2015考研英语表作文范文的赏析四
2015年考研英语作文素材精选 七
2015年考研英语二写作的模板问题解决型
2015考研英语小作文的范文道歉信
2015考研英语小作文的范文求职信
2015考研英语表作文范文的指导一
考研英语作文的范例5
2015考研英语作文的模板写作文本通用指导技巧 1
考研作文的背诵4
2015年考研英语作文素材精选 八
2015考研英语30个万能过渡词句的汇总
2015考研英语作文的范文纸质书PK电子书
考研作文的背诵2
考研作文的背诵3
历年考研英语作文的范文2013年
2015考研英语作文的模板给留学生的一封email
考研英语的文章如何快速把握
2015年考研英语作文素材精选 二
2015考研英语二作文的模板正面现象歌颂型模板一
考研英语小作文复习方法及写作的技巧
2015年考研英语二作文模板选择观点模板
2015考研英语作文的模板给朋友写信分享最喜欢的电影
考研英语作文常用的句型
2015考研英语小作文的范文推荐信
2015年考研英语二写作的模板正面现象歌颂型1
2015年考研英语二写作的模板表作文
历年来考研英语作文的范文
2015年考研英语作文素材精选六
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |