Re: Honda Motors Fined $70 million and maybe more. . . .
More on the Honda debacle and the deliberate effort to conceal accident and safety issues:
"Under pressure from the National Highway Traffic Safety Administration, Honda has agreed to pay $70 million in fines for concealing vital information about 1,729 fatalities and injuries in its cars, as well as important warranty information, in violation of federal auto safety laws.
To its credit, NHTSA is assessing Honda the maximum allowed by law — $35 million, for two separate violations, for a fine totaling $70 million. Plus NHTSA now has more ability to monitor Honda’s compliance with the laws in the future.
But — Honda should be paying more. For a huge multi-national, multi-billion-dollar company like Honda, and such repeated serious offenses, $70 million is not enough to act as a real deterrent.
Why isn’t Honda paying more? Because Congress has failed to act, to give NHTSA the authority to levy higher fines.
Bottom line: thanks to behind-the-scenes special-interest lobbying in Congress against desperately needed, reasonable, effective auto safety reforms, Honda just saved itself a cool $530 million."
2019 GMC Acadia SLT-1 3.6L LGX V6 - Build Date: 4-11-2019 - Bought 6-22-2019
SOLD - - 2015 Equinox LTZ 3.6L FWD Champagne Silver Metallic *Build Date 1-08-2015 *
SOLD with *38,865 miles 8-15-2019.