US says Toyota unit to plead guilty, pay over $1.6 billion to settle fraud scheme

Published 01/15/2025, 08:02 PM
Updated 01/15/2025, 08:06 PM
© Reuters. FILE PHOTO: Hino Motors' logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon/File Photo
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© Reuters. FILE PHOTO: Hino Motors' logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon/File Photo

WASHINGTON (Reuters) - A Toyota Motor (NYSE:TM) Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday.

The Justice Department, FBI and Environmental Protection Agency, among other bodies, reached criminal and multiple civil resolutions with Toyota subsidiary Hino Motors, the Justice Department said.

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