Honda hit with $70 million in fines for failing to report accidents over 11 years
By Chris Isidore
NEW YORK (CNNMoney – Jan. 8, 2015) — Honda was hit Thursday with a record $70 million in fines for failing to report accidents and other safety issues over 11 years.
Honda failed to report 1,729 accidents to the National Highway Traffic Safety Administration. The agency said it does not yet know how many deaths are tied to these accidents.
The Japanese automaker had already admitted its failure to file the reports, which it attributed to data and computer programming errors. But regulators said those errors did not excuse Honda from reporting the accident data.
Automakers and safety regulators are both supposed to analyze those reports to determine if there is a vehicle flaw that requires a recall.