Monaco Journal - Toyota arm Hino makes deal to settle emission fraud case

NYSE - LSE
RBGPF 0% 65 $
RELX 0.48% 33.34 $
CMSC 1.15% 19.758 $
BTI -1.9% 53.385 $
GSK -1.57% 47.425 $
RYCEF -1.03% 19.4 $
NGG -0.9% 75.14 $
BP 0.32% 44.13 $
RIO -2.13% 92.21 $
VOD 0.89% 16.295 $
CMSD 0.15% 19.839 $
BCC 0.27% 74.35 $
JRI -0.84% 10.68 $
BCE -2.34% 19.875 $
AZN -1.71% 158.76 $
Toyota arm Hino makes deal to settle emission fraud case
Toyota arm Hino makes deal to settle emission fraud case / Photo: Richard A. Brooks - AFP

Toyota arm Hino makes deal to settle emission fraud case

US officials late Wednesday announced a $1.6 billion deal with Toyota subsidiary Hino Motors to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.

Text size:

Hino used altered emissions test data to get approval to import and sell more than 110,000 diesel engines to the US, most of which were installed in heavy-duty trucks made by Hino, according to the US Environmental Protection Agency (EPA).

As part of the deal, Hino will plead guilty to engaging in a criminal conspiracy to mislead regulators and consumers, violating environmental protection laws and endangering public health, US attorney general Merrick Garland said in a release.

US regulators and the state of California, which has strict vehicle emission standards, worked out criminal and civil remedies with Hino valued at more than $1.6 billion.

"Hino's actions directly undermined EPA's program to protect the public from air pollution," acting EPA administrator Jane Nishida said in a release.

The proposed settlement is contingent on approval from a US district court judge in the state of Michigan.

"Corporate crimes such as these endanger the health and well-being of innocent Americans, as well as the environment in which we all live," said US attorney for the Eastern District of Michigan Dawn Ison.

The deal includes a five-year term of probation during which Hino will be barred from importing diesel engines it has manufactured into the United States and implement a comprehensive compliance and ethics program, according to the EPA.

Hino will also have to recall some trucks with engines violating emissions standards and spend some $155 million to replace marine and locomotive engines through the US to offset excess air emissions, according to the EPA.

M.Ferraro--MJ