Mr Holder said the fine was the largest criminal penalty against a car company in US history. He said the amount was right, because of Toyotas actions in the case.
Toyota owners have brought hundreds of private legal cases against the company in connection with the acceleration issue. Last year, the carmaker agreed to pay more than $1 billion to buyers who said their vehicles lost value after the announcement of the recall.
Toyota released a statement saying it has made major changes to its operations to become a more responsive company.
The worlds second largest carmaker, General Motors is also under federal investigation. GM has recalled more than 1.5 million vehicles. Federal officials are investigating problems with the starting mechanisms in some GM models from 2003 to . A number of deadly accidents have been linked to the problems.
And that is the Learning English Economics Report. For more programs, English learning lessons and videos, go to our website 51voa.com. You can also follow us on Facebook, Twitter and YouTube. Im Mario Ritter.
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