U.S. Wants to Up Auto Defect Penalties to $300 Million
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Fines on automakers that fail to recall defective cars would rise almost 10-fold in the U.S. to as much as $300 million per violation under a Transportation Department proposal unveiled today.
The legislative proposal submitted to Congress fills in the details of President Barack Obama’s four-year, $302 billion plan to fund highway construction and set transportation policy.