Toyota unit Hino Motors reaches $1.6 billion US diesel emissions settlement By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: Investing.com
Hino Motors Settlement: Hino Motors has agreed to a $1.6 billion settlement for excess diesel emissions in over 105,000 vehicles, including a criminal penalty and civil fines, while pleading guilty to fraud and agreeing to a five-year probation period.
Regulatory Violations: The company admitted to falsifying emissions data and improperly conducting tests from 2010 to 2019, leading to significant air pollution and violations of environmental laws, prompting investigations by U.S. authorities and California's Air Resources Board.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
