Hino Motors to Pay $1.6 Billion Fine for Deceptive Emissions Practices

Business News

Hino Motors to Pay $1.6 Billion Fine for Deceptive Emissions Practices
Hino MotorsToyotaEmissions
  • 📰 CBSNews
  • ⏱ Reading Time:
  • 77 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 68%

Toyota subsidiary Hino Motors has agreed to a $1.6 billion settlement with U.S. authorities for manipulating emissions data to sell diesel engines in the United States. The company will plead guilty to criminal charges and faces a five-year probation period during which it is barred from importing manufactured diesel engines.

U.S. officials announced a $1.6 billion deal with Toyota subsidiary Hino Motors late Wednesday to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines . Hino used altered emissions test data to get approval to import and sell more than 110,000 diesel engines to the U.S., most of which were installed in heavy-duty trucks made by Hino, according to the Environmental Protection Agency (EPA).

As part of the deal, Hino will plead guilty to engaging in a criminal conspiracy to mislead regulators and consumers, violating environmental protection laws and endangering public health, Attorney General Merrick Garland said in a news release. U.S. regulators and the state of California, which has strict vehicle emission standards, worked out criminal and civil remedies with Hino valued at more than $1.6 billion.The deal includes a $521.76 million criminal penalty, $442.5 million in civil penalties to U.S. authorities and $236.5 million to California, according to the Reuters news agency.'Hino's actions directly undermined EPA's program to protect the public from air pollution,' acting EPA administrator Jane Nishida said in a release. The proposed settlement is contingent on approval from a federal district court judge in Michigan. 'Corporate crimes such as these endanger the health and well-being of innocent Americans, as well as the environment in which we all live,' said US attorney for the Eastern District of Michigan Dawn Ison. The deal includes a five-year term of probation during which Hino will be barred from importing diesel engines it has manufactured into the United States, and implements a comprehensive compliance and ethics program, according to the EPA. Hino will also have to recall some trucks with engines violating emissions standards and spend some $155 million to replace marine and locomotive engines throughout the U.S. to offset excess air emissions, according to the EPA

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBSNews /  🏆 87. in US

Hino Motors Toyota Emissions Diesel Engines Environmental Violations

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vale Agrees to Pay $1.78 Billion to Renegotiate Railway Concessions in BrazilVale Agrees to Pay $1.78 Billion to Renegotiate Railway Concessions in BrazilVale, a Brazilian mining company, has agreed to pay up to 11 billion reais ($1.78 billion) to renegotiate two railway concession contracts. The agreement aims to eliminate discounts previously granted by the previous administration to rail companies.
Read more »

Databricks Valued at $62 Billion in $10 Billion Funding RoundDatabricks Valued at $62 Billion in $10 Billion Funding RoundDatabricks, a leading provider of data analytics and AI software, announced a $10 billion funding round that values the company at $62 billion. The funding will enable Databricks to provide liquidity to employees, make acquisitions, and expand globally.
Read more »

Databricks Raises $10 Billion, Valued at $62 BillionDatabricks Raises $10 Billion, Valued at $62 BillionDatabricks, a leading data analytics and AI software company, secures a substantial $10 billion funding round, propelling its valuation to $62 billion.
Read more »

Databricks Soars to $62 Billion Valuation with $10 Billion Funding RoundDatabricks Soars to $62 Billion Valuation with $10 Billion Funding RoundDatabricks, a leading software company specializing in data analysis and artificial intelligence, has secured a $10 billion funding round, catapulting its valuation to $62 billion. This significant investment will allow Databricks to provide liquidity to employees, pursue strategic acquisitions, and expand its global presence.
Read more »

Databricks announces $10 billion financing at $62 billion valuationDatabricks announces $10 billion financing at $62 billion valuationThe company’s new valuation is up from $43 billion in 2023.
Read more »

Databricks Raises $10 Billion, Valuation Jumps to $62 BillionDatabricks Raises $10 Billion, Valuation Jumps to $62 BillionDatabricks, a privately held software company specializing in data analysis and artificial intelligence, announced a $10 billion financing round, propelling its valuation to $62 billion. The funding will provide liquidity to employees, fuel acquisitions, and support global expansion. Databricks anticipates generating positive free cash flow with a $3 billion revenue run rate in the upcoming quarter.
Read more »



Render Time: 2025-02-19 07:19:30