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U.S. Proposes Higher Fines for Slow Recalls
The U.S. Dept. of Transportation proposes hiking the maximum fine that government may levy against a carmaker for taking too long to launch a safety recall nearly ninefold to $300 million per occurrence.
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The U.S. Dept. of Transportation proposes hiking the maximum fine that government may levy against a carmaker for taking too long to launch a safety recall nearly ninefold to $300 million per occurrence.
The proposal is part of a four-year, $302 billion transportation bill DOT is submitting to Congress in hopes of preventing the Highway Trust Fund from running out of money this summer.
The National Highway Traffic Safety Administration currently can fine carmakers no more than $35 million for moving too slowly on a recall. That cap is double the maximum allowed a year ago.
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