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Honda Fined $70 Million for Missed Safety Reports
Honda Motor Co. will pay two equal civil fines totaling $70 million as punishment for years of failing to tell U.S. authorities about safety related injuries and deaths involving its vehicles.
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Honda Motor Co. will pay two equal civil fines totaling $70 million as punishment for years of failing to tell U.S. authorities about safety related injuries and deaths involving its vehicles.
Carmakers have been required since 2000 by the TREAD (Transportation Recall Enhancement, Accountability and Documentation) Act to report such incidents to the National Highway Traffic Safety Administration. Honda's lapse became public last autumn amid the industrywide scramble to replace Takata Corp. airbag inflators that could explode.
In November Honda conceded it failed to report a broad array of more than 1,700 safety incidents over 11 years. The company blamed a misunderstanding of the TREAD requirements along with computing programming errors and "inadvertent data entry."
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