Toyota agrees to pay extra $32.4m in fines

Toyota has agreed to pay the US government a record $32.4m (€24.5m) in additional fines to settle an investigation into its handling of two recalls, a source said today.

The penalties will settle investigations into how the Japanese company dealt with recalls over accelerator pedals that could get trapped in floor mats and steering relay rods that could break and lead to a loss of control, a person familiar with the case said.